Energy
SMC power arm backs P50B loan for Bataan Power
San Miguel Global Power Holdings Corp., the energy subsidiary of conglomerate San Miguel Corp. (SMC), has stepped in as sponsor and security grantor for a massive omnibus loan and security agreement worth up to ₱50 billion, benefiting its affiliate Mariveles Power Generation Corp.
ERC seeks public input on GEA-4 reserve prices
The Energy Regulatory Commission (ERC) is calling for public comments on its proposed reserve prices for the upcoming fourth round of the Green Energy Auction (GEA-4), a key initiative to support the Philippines’ transition to cleaner energy.
NGCP wheeling rates rise 4.81% in March; transmission charges climb 11.51%
The National Grid Corporation of the Philippines (NGCP) announced a 4.81 percent increase in its transmission wheeling rates for the March 2025 billing period, a development expected to impact the power cost structures of distribution utilities and electric cooperatives nationwide.
DOE presses Meralco on full compliance with power supply deal
The Department of Energy (DOE) is urging Manila Electric Co. (Meralco) to strictly comply with all provisions of its power supply agreements (PSAs), particularly the 1,200-megawatt deal with Excellent Energy Resources Inc. (EERI), amid delays in the latter’s plant commissioning and fuel supply readiness.
Fuel prices plunge: Biggest rollback of the year offers relief to motorists
Motorists are set to feel significant relief at gas stations this week as the various fuel retailers announce major rollbacks in fuel prices, the steepest thus far this year.
