Energy

Prime Energy Resources Development B.V. has reaffirmed its commitment to advancing the country's energy independence through the continued development of indigenous natural gas resources, particularly from the Malampaya gas field.

Aboitiz Upgrade Solar Inc. (AUSI), a renewable energy affiliate of Aboitiz Power Corp., has partnered with electronics manufacturer TDK Philippines Corp. (TPC) to install a 5.65-megawatt-peak (MWp) rooftop solar PV system across two TPC facilities in Laguna.

The National Electrification Administration (NEA) announced plans to invest at least P600 million to rehabilitate the facilities of Basilan Electric Cooperative (Baselco), aiming to modernize its outdated infrastructure and improve service reliability.

Manila Electric Co. (Meralco) has warned of a potential rate increase for October due to the weaker performance of the Philippine peso against the US dollar.

The various fuel retailers will implement price hikes starting Tuesday, October 8, with gasoline and kerosene prices increasing by P0.20 per liter, and diesel by P0.80 per liter. The adjustments will take effect at 6:00 a.m. for Seaoil, Jetti, and PTT, and at 6:01 a.m. for Caltex.