Energy & Mining
Meralco raises November rates by P0.49 per kWh
A weaker peso, more expensive imported natural gas, and rising electricity demand pushed up Meralco’s power procurement costs, prompting a P0.4895 per kilowatt-hour (kWh) increase in electricity rates for November.
Global Ferronickel earnings jump 51% on higher nickel prices, shipments
Higher nickel ore prices, increased shipments and a weaker peso lifted Global Ferronickel Holdings Inc. (FNI)’s consolidated net income by 50.9 percent to P2.29 billion in the first nine months of 2026.
Citicore Renewable net income more than doubles to P2.15B in 9 months
Citicore Renewable Energy Corp. (CREC) posted a 122-percent jump in consolidated net income to P2.15 billion for the first nine months of the year, rising from P966 million recorded in the same period last year, the company announced Thursday.
PH, Vietnam, Indonesia solar partnership to boost clean energy transition
The Asian Photovoltaic Industry Association (APVIA) is upbeat on wider solar energy use after groups from the Philippines, Indonesia and Vietnam launched a regional alliance at the 31st UN Climate Change Conference.
ACEN shifts from rapid expansion to execution, profitability
ACEN is tightening its investment pipeline, preparing to surrender some renewable energy service contracts, and reshuffling its leadership as it shifts from rapid expansion to improving project returns, operating efficiency, and profitability.
