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Visayan Electric terminates 3 power contracts

Visayan Electric terminates 3 power contracts
sunstar.com.ph - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sunstar.com.ph Daily Mail and Mail on Sunday newspapers.

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Mitsubishi Power Secures Three-Year Agreement To Maintain Boilers Crucial For Reliable Energy Access In Mindanao

Mitsubishi Power (Philippines) Inc. on 3 August announced a three-year long-term service agreement (LTSA) for boiler ultrasonic thickness gauging. ....

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Higher electricity bills expected in Metro Cebu

Higher electricity bills expected in Metro Cebu
sunstar.com.ph - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sunstar.com.ph Daily Mail and Mail on Sunday newspapers.

Ilocos Sur , Mindoro Occidental , Philippines General , Liezel Sollano , Agnes Devanadera , Raulc Lucero , Nenita Ygo , Felix Taguiam , Department Of Energy , Energy Regulatory Commission , Aboitiz Power Corp , Red Tape Authority , Cebu Chamber , Green Core Geothermal Inc , Philippine Competition Commission , Cebu Energy Development Corp , Central Negros Cooperative , Cebu Private Power Corp , Therma Visayas Inc , Visayan Electric Co , Visayan Electric , Wholesale Electricity Spot Market , Cebu Energy Development , Aboitiz Power , Cebu Private Power , Metro Cebu ,

Aboitiz Power fell 27% to P12.6 billion in 2020

Published March 10, 2021, 5:00 AM
Owing it to the overall downtrend in demand last year, the core net income of listed firm Aboitiz Power Corporation dropped 27-percent last year to P12.6 billion from a relatively flourishing bottom line of P17.3 billion in 2019.
The company stated that it booked leaner non-recurring net gains of P45 million last year vis-à-vis the heftier non-recurring net gains of P702 million in 2019, “mainly due to net foreign exchange gains on the revaluation of dollar-denominated liabilities.”
Aboitiz Power emphasized that “without the one-off gains, the company’s core net income for 2020 was P12.5 billion,” which was lower by 25-percent compared to P16.6 billion the prior year. ....

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ERC readies report on Visayan Electric's alleged high power rates

Angelica Y. Yang
THE technical staff of the Energy Regulatory Commission (ERC) is set to complete by February its evaluation on whether the biggest power provider in the Visayas had charged âhigh electricity ratesâ in the area as alleged by a business group, an official of the agency said on Tuesday.
Floresinda G. Baldo-Digal, ERC commissioner-in-charge, said the regulatorâs technical team is evaluating the letter sent by Visayan Electric Co., Inc. to explain its side.
âThe explanation is currently under evaluation by our technical staff, they are targeting to present their recommendation to the Commission by next month,â Ms. Digal told ....

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