Energy & Mining
MGreen early listing plans counts SPNEC as backdoor option
MGen Renewable Energy Inc. (MGreen), the green energy arm of Meralco PowerGen Corp. (MGen), is exploring the possibility of a public listing, with key advisors recently retained to guide the process, its listed affiliate, SP New Energy Corp. (SPNEC) told the Philippine Stock Exchange.
Meralco sees stronger 2H sales on construction sector rebound
The Manila Electric Co. (Meralco) expects a boost in energy sales in the second half of 2025, driven by rising demand from the construction sector and related commercial activities.
WESM prices drop 3.9% in June, easing power costs
The average electricity price at the Wholesale Electricity Spot Market (WESM) declined by 3.9 percent in June, bringing the national rate down to ₱3.86 per kilowatt hour (kWh) from ₱4.01/kWh in May, according to data from the Independent Electricity Market Operator of the Philippines (IEMOP).
RCBC renewable energy loans surpass coal for first time
Rizal Commercial Banking Corp. (RCBC) said Wednesday that its renewable energy (RE) loan portfolio has surpassed its coal financing for the first time, marking a major milestone in its shift toward sustainable finance.
Fuel price rollbacks expected next week, bringing relief to motorists
Motorists may see another round of fuel price rollbacks next week, with Jetti Petroleum Inc. projecting reductions of ₱1.00 to ₱1.20 per liter for gasoline and ₱0.40 to ₱0.60 for diesel, based on the three-day Mean of Platts Singapore (MOPS) indicators.
