Oil prices nudged higher on Monday, recovering from sharp falls last week, after Washington pledged to launch further strikes on Iran-backed groups in the Middle East and as Ukrainian drones struck southern Russia's largest refinery.
The Senate committee on energy has urged the National Electrification Administration (NEA) to take over management of the Palawan Electric Cooperative (Paleco) as consumer frustration boils over the constant occurrence of power outages in the province.
SN Aboitiz Power said its 24-megaWatt Magat battery energy storage system, or BESS, project has received a provisional authority to operate from the Energy Regulatory Commission last month.
Meralco PowerGen Corp. (MGen) renewable energy arm MGen Renewable Energy Inc. (MGreen) has awarded engineering, procurement and construction contracts to SUMEC Complete Equipment and Engineering Co. Ltd. to build its solar power plants in Luzon.