Energy & Mining

For the second week in a row, Filipinos will see mixed changes in fuel prices starting Tuesday. The Department of Energy confirmed Monday that gasoline will go up by P1.56 per liter and kerosene by P1.77 per liter, while diesel will drop by a bigger P3.01 per liter. As of Tuesday morning, only Seaoil has officially announced these new rates, matching the adjustments noted by the DOE. Last week, gasoline rose P1.93 per liter, kerosene P3.30 per liter, and diesel dipped P1.30 per liter.

The Energy Regulatory Commission (ERC) has given the green light to Negros Electric and Power Corp.’s (NEPC) P3.73 billion capital expenditure program from 2024 to 2026, paving the way for major upgrades across its service areas in Central Negros.

The Energy Regulatory Commission (ERC) has directed Manila Electric Company (Meralco) to return a net total of P2.64 billion to its customers, to be spread over roughly six months rather than the full year the company originally proposed, with the rebate likely showing up at the next billing cycle.

Rising electricity demand is placing growing strain on the Philippines’ power system, prompting President Ferdinand Marcos Jr. to recently call for a fresh look at nuclear energy as part of the country’s national energy grid during his State of the Nation Address. But one lawmaker says revisiting the issue is not enough—the government must move quickly from discussion to action.

Singapore-based Vena Energy is committing an additional P52 billion in equity investments to expand its Philippine renewable energy portfolio by 1.29 gigawatts (GW) over the next two years, strengthening its presence in a power market seeking to diversify supply and reduce reliance on conventional energy sources.