Energy & Mining

President Ferdinand R. Marcos Jr.'s endorsement of the latest Malampaya gas discovery in his 2026 State of the Nation Address has put fresh focus on the role of Prime Energy and its partners in extending the life of the country's biggest indigenous energy asset as the Philippines races to strengthen energy security.

Manila Electric Co. (Meralco) has backed President Ferdinand R. Marcos Jr.'s call to amend the Electric Power Industry Reform Act (EPIRA), but cautioned that scrapping system loss charges will require reforms that protect both consumers and the long-term stability of the country's power grid.

The Department of Energy (DOE) is exploring ways to reduce the system loss rates charged to electricity consumers while Congress deliberates amendments to the Electric Power Industry Reform Act (EPIRA), offering a near-term option to help ease power bills before broader legislative reforms take effect.

The Department of Energy (DOE) is urging the proposed Pax Silica development to build its own power plant instead of drawing electricity from the Luzon Grid, warning that the project's massive energy demand could strain the country's main power network if left unaddressed.

President Ferdinand Marcos Jr. used his fifth State of the Nation Address on Monday to present an agenda centered on lowering household costs, strengthening energy security and accelerating infrastructure, signaling a renewed focus on economic resilience as global uncertainties persist.