Energy & Mining
PCC flags barriers, pushes power market reforms
The Philippine Competition Commission (PCC) has raised concerns over structural and operational barriers that continue to dampen genuine competition in the country’s retail electricity market, following a strategic policy dialogue with the Independent Electricity Market Operator of the Philippines (IEMOP).
Fuel prices to rise again despite assured supply — DOE
Fuel prices in the country are expected to increase again this week, driven by global oil market pressures linked to ongoing conflict in the Middle East.
Nickel Asia unit secures P9.36B loan for Leyte solar project
A renewable energy unit of Nickel Asia Corporation has secured ₱9.36 billion in financing for a solar power project in Leyte.
IEA urges action to curb oil demand
Governments, businesses, and households must act quickly to reduce oil consumption as markets remain under strain, the International Energy Agency said, outlining a set of urgent measures to ease pressure on supply and prices.
Hormuz access deal secures supply, not prices
Energy Secretary Sharon Garin said the Philippines has secured “safe and preferential access” through the Strait of Hormuz, a move aimed at reducing supply risks amid rising global tensions, but one that will not immediately lower pump prices.
