Energy & Mining

The Philippine National Oil Company (PNOC) has embarked on a critical partnership with Indonesia’s PT Pertamina to explore the development of a self-generating industrial park in Tawi Tawi, marking a significant step in efforts to address energy challenges in the region.

The Department of Energy (DOE) on Tuesday announced that capacity addition in renewable energy (RE) in 2024 surpassed the total RE installed in the past three years. A total of 794.34 megawatts (MW) of new RE capacity was added, exceeding the combined 759.82 MW from 2021 to 2023.

Metro Manila power rates rise in February

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.