Energy & Mining

Customers of Manila Electric Company (Meralco) are set to benefit from back-to-back rate reductions as the utility announced another decrease of P0.0409 per kWh in the electricity rate this September.

Manila Electric Co. (Meralco) said electricity rates will decline for the second straight month, giving households some relief even as higher fuel costs and a weaker peso push up generation expenses.

Nickel Asia Corp. (NAC) has completed its USD30-million acquisition of a 20 percent interest in a Kazakhstan copper operation, expanding beyond nickel and giving the Philippine-listed miner exposure to an existing producing asset.

FAST Logistics Group is installing rooftop solar at its Cebu cold-chain hub to reduce reliance on grid power, where round-the-clock refrigeration makes electricity a significant operating cost.

Twenty-nine Luzon and Visayas electric cooperatives have secured long-term power supply agreements (PSAs) with six generation firms, ensuring stable electricity for millions, the National Electrification Administration (NEA) announced Thursday.