Energy
NGCP recalibrates power forecast as reserves deteriorate
The National Grid Corporation of the Philippines (NGCP) met with the Department of Energy (DOE) to recalibrate the supply-demand interplay following the early onset of yellow alerts in the system.
Meralco increases March electricity rates by P0.26 per kWh
The Manila Electric Company (Meralco) announced Tuesday a P0.2639 per kWh increase in electricity rates for March, raising the overall rate for typical households to P12.2901 per kWh from P12.0262 per kWh in February.
DOE reiterates LIRA compliance to avoid hefty penalties
The Department of Energy (DOE) on Monday called on liquefied petroleum gas (LPG) industry players to comply with the LPG Industry Regulation Act (LIRA) in full to avoid severe penalties, including fines, business closure, and even criminal charges.
PSALM property in Naga City sells for P8.76M
The Power Sector Assets and Liabilities Management Corp. (PSALM) confirmed on Monday the receipt of a P8.76 million as payment from the local government of Naga City, Cebu, for the acquisition of a 466-square-meter property in the province.
Fuel prices drop amid economic concerns
The various fuel retailers have implemented another round of price cuts for all petroleum products, effective today. This marks the second consecutive week of price cuts, highlighting ongoing concerns about the potential slowdown in global economic growth.
