Energy & Mining

Major fuel firms are rolling out another round of steep price rises, marking the third consecutive week of big adjustments and prompting companies to split the increases across two days to soften immediate impact.

Subsidiaries of ACEN Corp., the listed renewable energy arm of the Ayala Group, have voluntarily relinquished two solar energy operating contracts in Quezon and Zambales, citing land acquisition and site access constraints that affected the projects’ development.

Aboitiz Power Corporation has secured 15-year baseload power supply agreements with the Luzon and Visayas Electric Cooperatives Aggregation (LVECA). Through Therma Luzon (222.5 MW to 19 Luzon co-ops) and Therma Visayas (48.2 MW to 10 Visayas co-ops), it shares in the total 565.5 MW awarded via NEA-supported joint competitive selection process (CSP). Aggregation replaces separate biddings, boosting co-ops’ market leverage and supply stability. Covers key provinces across both islands. For AboitizPower, this follows its 2025 LECA deal, expanding strategic footprint. Long-term terms mitigate disruption risks, strengthening co-ops’ operations and service reliability for households.

A solar panel that works underwater sounds like the sort of thing a fish might invent after getting tired of waiting for Wi-Fi. But researchers have now shown that the idea is more than a science-fiction prop.

ASEAN economic ministers are set to advance regional initiatives on energy security and semiconductors as they meet from September 19 to 22 for the ASEAN Economic Ministers Meetings and Related Meetings.