PacificLight Power Pte Ltd (PLP), a subsidiary of the Meralco PowerGen Corporation (MGen), has cornered a deal on the provision of 100 megawatts (MW) of ‘fast start’ generation capacity for the Singapore electricity market. The supply deal had been awarded by the Energy Market Authority (EMA),...
The Energy Regulatory Commission has partially lifted the enforced suspension on cost settlements at the reserve market, hence, allowing the generation companies (GenCos) to recoup P1.723 billion worth of deferred cost recoveries which accrued when they supplied the ancillary services requirements...
While most consumers expected radical spike in electricity rates, power utility giant Manila Electric Company (Meralco) had announced a rather moderate hike of P0.4621 per kilowatt hour (kWh) in its overall pass-on tariff that will be reflected in the bills of consumers this May. For residential...
Market! Market!, the beloved shopping destination in Bonifacio Global City (BGC) known for its affordable offerings, is poised for a major transformation. The Bases Conversion and Development Authority (BCDA) announced that the redevelopment of the shopping mall in Taguig City is underway as the...
Family budgets could be stretched a little further this week, as consumers will be greeted with relatively substantial reprieve on their drive to the petroleum stations – especially with the big-time rollback for gasoline prices. Based on the pricing adjustment advisories of the oil companies,...
BACOLOD CITY – Nine stalls were hit by a fire at the Central Maao Market in Barangay Don Jorge L. Araneta, Bago City, Negros Occidental on Friday, May 10. FIREMEN combat a fire at Central Maao Market in Barangay Don Jorge L. Araneta, Bago City, Negros Occidental on Friday, May 10. (Photo...
Consumers who are filling up their vehicles with gasoline products will be the happiest in their drive to the petroleum pumps next week, as the price of this commodity is projected to have a rollback of more than P2.00 per liter. Based on the result of four-day trading in the regional market, the...
A substantial financial breather may finally come at the pumps next week for consumers who are filling up their vehicles with gasoline products, as the price of this commodity is anticipated having a rollback in the vicinity of P2.00 per liter. Based on the outcome of three-day trading in the...
The electric bills to be dispatched by power utility giant Manila Electric Company (Meralco) and other power utilities will practically be knocking on forbidden doors this May – but consumers will have no choice but to finally face the ‘fear factor’ of soaring expenses for electricity...
Generation output boosted by the commercial operations of new solar and wind farms had prompted 27% rise in the net income of Ayala-led ACEN Corporation in the first quarter to P2.7 billion versus P2.0 billion in the same period last year. That escalation in profitability, the company emphasized,...
As coal prices in the world market cooled, the net income of Semirara Mining and Power Corporation (SMPC) dropped 28% to P6.5 billion within first quarter this 2024 from a relatively robust P9.0 billion earnings in the same three-month period last year. “Global coal indices declined due to weak...
The estimated rollback at the pumps next week will offer more substantial relief to the pockets of consumers next week as this already turned heftier into the vicinity of P1.00 per liter as of end of trading day on Friday (May 3), according to the industry players. Based on the outcome of five-day...
