Gulf Energy eyes 50% revenue surge with power plant operations boost

Gulf Energy Development, a Stock Exchange of Thailand (SET)-listed firm, is looking forward to a 50% revenue surge, breaking past the 100 billion baht (US$3.03 billion) mark this year. This significant increase is due to the addition of electricity generation capacity and the full operation of its power plants.

Power shortage looms until 2050: lawmakers

With the construction of many large power plants stalling or slowing and the dependence on imports for energy increasing, electricity shortages are possible until 2050, lawmakers fear.

Meralco rates up this month

MANILA, Philippines — Rates of Manila Electric Co. (Meralco) are up for the second straight month this month as a result of higher generation and transmission charges. Meralco said overall electricity rate for a typical household went up by P0.4201 per kilowatt-hour to P11.8198 this month from P11.3997 per kWh in September.