Energy
Electricity rates up in October, says Meralco
After a brief reprieve last month, consumers will once again see higher electricity bills. The Manila Electric Company (Meralco) announced an increase of P0.2331 per kilowatt-hour (kWh) for October, bringing the overall rate for a typical household to P13.3182 per kWh, up from P13.0851 per kWh in September.
DOE eyes 6 more petroleum deals
The Department of Energy (DOE) is reviewing at least six more potential petroleum service contracts (PSCs), signaling continued momentum in the country’s energy exploration efforts.
Fuel prices to see mixed adjustments on Tuesday
Mixed movements in local fuel prices are expected starting Tuesday, according to Jetti Petroleum Inc., with gasoline prices projected to rise by P0.20 to P0.40 per liter, while diesel prices may either remain unchanged or drop by P0.20 per liter.
Davao Light sets aside P1B for Nordeco asset acquisition amid franchise expansion
Davao Light and Power Co., a subsidiary of the Aboitiz Group, is preparing at least P1 billion to acquire the assets of Northern Davao Electric Cooperative Inc. (Nordeco) as part of its planned operational takeover.
PXP secures 3 new petroleum exploration deals
PXP Energy Corp. has secured participation in three of the eight newly signed Petroleum Service Contracts (SCs) under the Marcos administration, bolstering its position in the country’s upstream oil and gas exploration sector.
