The Bank of the Philippine Islands (BPI) has become the country's first bank to adopt the Energy Regulatory Commission's (ERC) Retail Aggregation Program (RAP), a development that highlights the economic potential of the retail electricity market.
NexGen Energy Corp.subsidiary Airstream Renewable Corp., has secured Green Lane certification from the Board of Investments (BOI) for its proposed wind farms in Real and Mauban, Quezon Province, a key milestone in the company's push to advance renewable energy projects in the Philippines.
The various fuel retailers on Monday announced a price rollback effective Tuesday morning, cutting gasoline prices by P0.10 per liter and kerosene by P0.50 per liter.
The average price of electricity sold at the Wholesale Electricity Spot Market (WESM) skyrocketed by 95.5 percent in March, signaling a strain on the Philippine energy market due to rising demand and tightening power supply.