Energy
Gas, diesel, kerosene prices slashed as oil risk premium falls
Fuel prices across the country will decline significantly starting Tuesday, following the de-escalation of tensions between Israel and Iran, which led to a drop in global oil risk premiums.
Cooler climate tempers Meralco sales growth; commercial, residential demand hold steady
Meralco, the country's largest power distributor, projects marginal growth in power sales for 1H 2025, a slowdown attributed primarily to cooler summer weather conditions that reduced energy consumption, particularly in the residential segment. Despite this, the company maintains a degree of resilience, with slight upticks in retail trade and restaurant-driven demand, signaling continued post-pandemic consumer activity.
PHI cuts power rates, delivers household savings in Visayas
Razon-led Primelectric Holdings Inc. (PHI) is accelerating infrastructure upgrades, system loss reduction initiatives, and smart market strategies across its three power distribution utilities to maintain competitive electricity rates and enhance service quality.
Aboitiz Power building 500 MW solar projects in Ilocos Norte
Aboitiz Power Corp. is advancing its renewable energy (RE) strategy with the development of two major solar power projects in Ilocos Norte, totaling 538.48 megawatts (MW) and valued at P34.5 billion, according to filings with the Department of Environment and Natural Resources’ Environmental Management Bureau (EMB).
Big drop in power costs seen with full RE rollout
Electricity prices in the Philippines could fall below ₱1 per kilowatt-hour (kWh) by 2050 if all renewable energy (RE) projects under the Department of Energy’s (DOE) Green Energy Auction (GEA) Program are fully implemented, according to DOE undersecretary Rowena Cristina Guevara.
