Tag: “costs
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Lower costs, new farms drive ACEN’s 61.5% income surge
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ACEN Corp., the Ayala group’s renewable energy arm, reported a 61.5% increase in its attributable net income to P3.57 billion for the second quarter, driven by the operationalization of new solar and wind farms and a significant reduction in costs. Revenues declined by 16.6% to P9.45 billion from P11.33 billion;…
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Meralco rates up by P2 per kWh in July as power costs ‘normalize’
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HOUSEHOLDS SERVED by Manila Electric Co. (Meralco) will face higher power bills this month as rates go up by more than P2 per kilowatt-hour (kWh) due to a normalization in power costs.