The Energy Regulatory Commission (ERC) has issued new policies aimed at modernizing the country’s power sector and promoting more stable and affordable electricity.
Semirara Mining and Power Corp. (SMPC) reported a 37 percent drop in net income to P9.9 billion for the first nine months of 2025, down from P15.7 billion in the same period last year, citing lower coal and electricity prices despite record-high production and sales.
The Department of Energy (DOE) is updating the country's small-scale coal \mining (SSCM) program, aiming to make it more structured, transparent, and environmentally responsible. The agency said the draft framework introduces clearer rules on health and safety, labor protection, environmental safeguards, and operational accountability.
The various fuel retailers will raise the price of petroleum products this week, with gasoline up by P1.70 per liter, diesel by P2.70, and kerosene by P2.10. The adjustments will take effect Tuesday morning, with Seaoil, Jetti, and PTT implementing the hike at 6:00 a.m., and Caltex at 6:01 a.m.