Energy & Mining
ACEN swaps debt for ENEX equity
ACEN Corp. is tightening its grip on subsidiary ENEX Energy Corp., converting P75 million worth of receivables into equity in the listed oil and gas explorer.
DOE sets strict rules for power sector compliance
The Department of Energy (DOE) has released a new circular, DC2026-02-0006, setting rules to hold power sector participants accountable and ensure a reliable, secure, and affordable electricity supply.
Fuel prices rise again, hitting households and businesses
Fuel prices in the Philippines continue to climb, with gasoline up by P0.60 per liter and diesel and kerosene rising by P1.20 per liter, marking the seventh consecutive week of increases for gasoline and the eighth for diesel and kerosene in 2026.
WEDAP sees strong potential in P11/kWh offshore wind tariff
The Wind Energy Developers Association of the Philippines Inc. (WEDAP) has expressed optimism over the Energy Regulatory Commission’s approval of an initial P11 per kilowatt-hour (kWh) tariff for offshore wind (OSW) projects.
ERC raises offshore wind auction price to P11/kwh, signals more adjustments ahead
The Energy Regulatory Commission (ERC) has raised the Green Energy Auction Reserve (GEAR) price for offshore wind projects to P11 per kilowatt-hour (kWh) under the fifth round of the government’s Green Energy Auction (GEA-5) program.
