Energy
NGCP cuts April transmission rates by 28%
The National Grid Corporation of the Philippines (NGCP) announced a 28.45 percent reduction in transmission rates for the April 2025 billing period, with potential easing effects on electricity costs for millions of consumers.
DOE greenlights 100-MW solar project in Capiz
PetroEnergy Resources Corp. (PERC), through its affiliate EcoSolar Energy Corp. (ESEC), has secured a certificate of authority (COA) from the Department of Energy (DOE) to develop a large-scale solar power project in Panit-an, Capiz, marking a key milestone in the company’s renewable energy expansion.
Shell Pilipinas maintains strategic investment amid profit decline
Shell Pilipinas Corp. (SPC) is pressing ahead with a disciplined investment strategy, committing between P2 billion and P3 billion annually in capital expenditures for 2025 and 2026, despite posting a steep 47.1 percent drop in first-quarter net income.
Axelum taps First Gen for geothermal power in sustainability push
Axelum Resources Corp., a leading exporter of premium coconut products, has signed a power supply agreement with First Gen Corp. for up to 5.2 megawatts (MW) of geothermal energy, underscoring Axelum’s shift toward renewable energy (RE) to support its sustainability and operational goals.
Meralco cuts May rates amid power supply stability
Manila Electric Co., the country’s largest power distributor by sales, announced on Tuesday a significant reduction in electricity rates for May, lowering the overall rate to P2.2628 per kiloWatt-hour from P13.0127 in April.
