ALAMINOS BESS Inc. (ABI), a subsidiary of ACEN Corp., was fined P78,713.16 by the Philippine Electricity Market Corp. (PEMC) for non-compliance with reserve standards, the company said on Thursday.
In a disclosure, ACEN said Alaminos BESS received the notice of penalty on July 1.
The penalty covers the Apr. 2026 billing period and was imposed in line with regulations under the Ancillary Services Monitoring Manual.
According to PEMC’s assessment, ABI failed to comply with the Reserve Conformance Standards (RCS) for its Regulating Reserve and Contingency Reserve services in 51 intervals beginning March 26, 2026.
ACEN said the non-compliance was due to operational limitations encountered during the affected intervals.
It added that its subsidiary remained committed to complying with applicable market rules and supporting the reliable operation of the power grid.
ACEN, the Ayala group’s listed energy company, is said to be one of the fastest-growing renewable energy companies in Asia-Pacific, with the Philippines as its core and largest market.
It also has a significant presence in Australia, Vietnam, India, and Lao PDR, and has strategic investments in Indonesia and other markets.
According to its website, the company currently has over 7 gigawatts of attributable renewable energy capacity spanning projects in operation, under construction, and with signed agreements.
Acen Corp. shares on Thursday rose P0.06, or 1.95 percent, to close at P3.14 each.