Energy & Mining
NEA taps Spanish firm for Camiguin-Mindanao submarine cable study
The National Electrification Administration (NEA) has commissioned Spanish engineering consultancy Osprel SL to conduct a feasibility study for a proposed submarine power cable linking Camiguin island to the Mindanao grid.
ERC bolsters capacity to tackle case backlog
The Energy Regulatory Commission (ERC) is upbeat about its near-term prospects as it anticipates a significant boost in operational capacity following a strong response to its latest recruitment drive.
Gov’t greenlights offshore wind projects, boosting PH renewable push
PetroEnergy Resources Corp. (PERC), through its affiliate Buhawind Energy Northern Luzon Corp. (BENLC), has secured government approval for its offshore wind initiatives, marking a significant step in the country's renewable energy development.
First Gen 1Q profits slip on lower generation, spot prices
First Gen Corp., one of the country's largest clean and renewable energy producers, reported a 4.9 percent year-on-year decline in net income for the first quarter of 2025 as lower electricity generation and soft spot market prices weighed on financial results.
Lower electricity prices expected to ease burden on households, businesses
Consumers may see relief in their electricity bills as the Independent Electricity Market Operator of the Philippines (IEMOP) projects continued low prices at the Wholesale Electricity Spot Market (WESM), driven by ample power supply and the expanding presence of renewable energy sources.
