Lower electricity demand pulls down First Gen H1 profit to $183M
First Gen Corp. continued to make a profit despite the new coronavirus disease pandemic, but the bottom line fell 22 percent year-on-year to $183 million in the first half of…
‘Benign’ June inflation seen as lower LPG, electricity costs offset rising fuel, rice prices
MANILA, Philippines — The pace of price increases in the local economy likely stayed “benign” in June as rising petroleum and rice prices were likely offset by cheaper cooking fuel…
Electricity transmission cost continues to slide
Electricity transmission charges are down to 4 centavos for every peso spent on electricity as of the May billing period, suggesting a continuing downtrend since National Grid Corporation of the…
Demand for electricity picking up
Demand for on-the-spot supply of electricity, for augmenting contracted power, is nearing prelockdown levels after dropping by 17 percent, or 1,761 megawatts, during the enhanced community quarantine (ECQ), according to…
Co-ops to pay for electricity bills of 3 million customers
All 121 electric cooperatives supervised by the National Electrification Administration will shell out an initial P365 million to cover the electricity bills of three million customers incurred during the enhanced…
Electricity consumers’ relief extended | Inquirer Business
Electricity consumers will enjoy more relief from their bill burdens as the Energy Regulatory Commission (ERC) extended by another month the suspension of the collection of incentives for renewable energy…
Postquarantine relief for electricity consumers pushed
The Energy Regulatory Commission (ERC) needs to come up with a “staggered payment” scheme for electricity bills as consumers’ payables pile up with the extension of due dates because of…