Energy

Motorists can breathe a sigh of relief as the various fuel retailers implement price rollbacks on gasoline, diesel, and kerosene following last week’s mixed adjustments. Caltex and Seaoil reduced the price by P0.10 per liter for gasoline and diesel, and P0.30 per liter for kerosene. Jetti, Clean Fuel, and PTT also scaled back their price by P0.10 per liter across the board.

Meralco customers face potentially higher electricity bills in February as the company foresees an increase in generation charges. In a statement released on Monday, Joe Zaldarriaga, Meralco vice president and head of corporate communications, said that the weak peso is largely responsible for the expected hike. The local currency's depreciated state increases the cost of Meralco's suppliers, most of which are dollar-denominated costs.

The Department of Energy (DOE) has granted Certificates of Energy Projects of National Significance (CEPNS) to 149 energy projects, marking a significant boost to the country’s energy sector from May to December 2024.

Petro Energy Resources Corp. (PERC) on Monday announced that its affiliate, BKS Green Energy Corp., has received the transmission connection approval from the National Grid Corporation of the Philippines (NGCP) for its 33.8 MW solar project in Isabela. 

The Department of Energy (DOE) is nearing the completion of a loan agreement from the Asian Development Bank (ADB) to fund a geothermal de-risking program, crucial for attracting both public and private investments in renewable energy (RE).