Energy

The Energy Regulatory Commission (ERC) reported a rare occurrence of negative average electricity prices at the Wholesale Electricity Spot Market (WESM) during major holidays, highlighting a significant gap between supply and demand that has broad economic and commercial implications.

First Gen Corp. has renewed its renewable energy (RE) supply agreement with Cebu-based Chioson Group of Companies and FLB Prime Holdings Inc., a move that underscores the growing corporate shift toward sustainability in the manufacturing and real estate sectors.

The Manila Electric Co. (Meralco) has completed major substation upgrade projects valued at a combined ₱683.74 million in the first quarter of 2025, enhancing electricity reliability in several high-growth areas across Luzon, including Bonifacio Global City, Makati, and Laguna.

Manila Electric Co. (Meralco) is preparing to launch competitive selection processes (CSPs) for 2,951.426 megawatts (MW) of electricity supply, opening a significant commercial opportunity for power generators looking to secure long-term contracts in the Philippines' largest power distribution market.

Aboitiz Power Corp. is ramping up its renewable energy (RE) and battery storage development pipeline with plans to add over 400 megawatts (MW) of capacity by 2026, in a move that underscores the company’s long-term growth strategy and commitment to energy transition.