Energy
Another fuel price hike looms as global pressures drive costs up
Fuel prices are expected to go up again this Tuesday, marking the third straight week of increases. Gasoline prices may rise by ₱0.20 to ₱0.40 per liter, while diesel could increase by a much bigger ₱1.20 to ₱1.40 per liter. Kerosene prices may also climb by as much as ₱0.45 per liter, according to industry and government estimates.
BCDA, ACWA Power tie up for Clark solar farm
The Bases Conversion and Development Authority (BCDA) has tapped Saudi energy giant ACWA Power to drive a large-scale renewable energy push in New Clark City, a move aimed at securing clean, reliable, and affordable power for one of the Philippines’ flagship developments.
SP New Energy to rebrand as MGen Renewable Energy Holdings
SP New Energy Corp. (SPNEC) announced Thursday that its board has approved changing the company’s name to MGen Renewable Energy Holdings Inc., reflecting the integration of its majority owner, Meralco PowerGen Corp. (MGen), into its branding.
Raslag plans up to P3 billion capex in 2026 as it accelerates renewable energy expansion
Listed renewable energy developer Raslag Corp. plans to spend between P2 billion and P3 billion in capital expenditures this year, a sharp increase from only around P500 million last year, as it moves from project preparation to actual construction and equipment procurement.
Gov’t to push regional energy agenda as ASEAN chair, says DOE
The Department of Energy (DOE) said ASEAN senior energy officials have endorsed the group’s annual energy priorities, including the Philippines’ key proposals for its ASEAN chairmanship.
