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...
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...
Two decades after the government let go of generating power, it’s considering a return in order to boost power reserves in the wake of thin supply, especially during the peak months. In...
