The Razon-Leviste tandem which has secured an 850 mega-watt alternating current (MWac) power supply agreement with the electricity distributor Manila Electric Co. or Meralco have tightened their commercial agreements to ensure the delivery of alternative energy within the first three months of 2026, as committed.
The cost of power obtained from the Wholesale Electricity Spot Market (WESM) in Luzon and the Visayas thus far this month trended up, according to the independent electricity market operator of the Philippines (IEMOP).
Manila Electric Co., the largest power distributor in the country, said Friday power rates will be lower in the February billing cycle on account of a net decline in the generation charge.
A South Korean firm has offered to revive the mothballed Bataan nuclear power plant (BNPP), an offer coming on the heels of those offered earlier by the US and China, according to the Philippine Nuclear Research Institute (PNRI).
The Israeli firm Ratio Petroleum operating Service Contract (SC) 76 in the East-Palawan Basin is hopeful of finding a local partner in exploring the resource area.