Energy & Mining
Semirara Mining files redundancy notice, cuts coal output target amid auction uncertainty
Semirara Mining and Power Corporation (SMPC) has notified the Department of Labor and Employment (DOLE) of a redundancy program, following a decision to slash its annual coal production target by over one-third compared to last year.
Borromeo Motoring taps COREnergy for power supply
Borromeo Motoring Group is taking greater control of its electricity costs, tapping COREnergy as its retail electricity supplier for 20 facilities across Luzon as the automotive group seeks to make energy management a more strategic part of its operations.
Meralco power rates fall slightly on refunds
Electricity rates for Manila Electric Co. customers will edge lower in August as a P9.5-billion regulatory refund offsets higher transmission, tax, and other pass-through charges.
Meralco August rates seen lower on ERC-approved refund
Manila Electric Co. (Meralco) announced Sunday that electricity rates in its service area will likely decrease this August, ahead of the official rate adjustment set to be released on August 10. The company said a newly approved refund from the Energy Regulatory Commission (ERC) will be enough to cover other upward adjustments in monthly bills.
Fuel prices set for major rollback, offering much-needed relief to households and businesses
Ordinary consumers and business owners can look forward to substantial savings at the pump this week as local oil companies prepare to roll back pump prices for both gasoline and diesel by as much as P5.00 per liter. The upcoming reduction marks another consecutive week of price cuts, delivering direct financial relief to households managing tight budgets and enterprises battling heavy operating costs.
