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Petron Corporation, the country’s largest oil firm, reported Php1.73 billion income in the first quarter, a reversal, a reversal of its P4.9 billion net loss in the same quarter last year, as
Electricity generation and consumption nationwide have gone down on a yearly basis for the first time since 2003 in the wake of the COVID-19 pandemic and the subsequent mobility restrictions, based on
Three retail electricity suppliers (RES) under Aboitiz Power Corporation and one under Citicore Power, Inc. were added to the Department of Energy’s (DOE) list of participants under its Green Energy Option Program
Government-run PNOC-Exploration Corporation (PNOC-EC) said it is unlikely to begin its first oil-drilling activities within the remaining days of the Duterte administration even with the government’s push for the harnessing of indigenous
Ayala-led AC Energy and Fort Pilar Energy, Inc. are the last of the five original bidders remaining for the third round of negotiated sale process for the 650-megawatt (MW) Malaya Thermal Power
PXP Energy Corporation has cut its core net loss by 66.9% to Php5.6 million in the first quarter of the year from Php16.9 million in the same period last year. In a
The Department of Energy (DOE) endorsed 16 new power projects to the National Grid Corporation of the Philippines (NGCP) for system impact study in the first quarter. The Mariveles natural gas plant
Aboitiz Power Corporation is considering the use of data science and artificial intelligence (DSAI) to improve the operations of its power plants, including the 1,336-megawatt (MW) GNPower Dinginin coal-fired power plant in
The Manila Electric Company (MERALCO) said that its customers continue to enjoy lower power rates in the first three months of the year, as average retail rates dropped by Php0.29 per kilowatt-hour
The Manila Electric Company (MERALCO) is requesting the Department of Energy (DOE) to approve its “emergency procurement” wherein it would acquire up to 260 megawatts (MW) to augment power supply during the
