Energy
Higher electricity sales power 8% profit rise for CREC
Citicore Renewable Energy Corp. (CREC) reported an 8 percent increase in net income for the first quarter of 2025, rising to ₱230 million from ₱213 million last year, buoyed by a sharp uptick in electricity sales.
DOE urges fair insurance premium for transitioning coal plants
The Department of Energy (DOE) is calling on insurance providers to offer more reasonable premium rates for coal-fired power plants, warning that disproportionate insurance costs threaten the operational stability of power sources crucial to the national energy mix.
ERC cracks down on 37 gencos over fuel data gaps
The Energy Regulatory Commission (ERC) has issued 40 show cause orders (SCOs) to 37 power generation companies (gencos), for failing to submit complete fuel data for the 2022 audit period—raising serious implications for transparency, cost recovery, and regulatory compliance in the domestic power sector.
PSALM remits ₱377.5M to host communities in 2024
The Power Sector Assets and Liabilities Management Corp. (PSALM) remitted P377.51 million to communities hosting its power facilities in 2024, delivering vital support through government-mandated benefit programs.
SM Prime expands EV charging network
SM Prime Holdings Inc., one of Southeast Asia’s largest integrated property developers, is accelerating its push toward sustainable mobility, having installed 131 electric vehicle (EV) charging stations across its nationwide portfolio as of the first quarter.
