Energy & Mining
IGNITE Power-SOCOTECO II conditional JV gets strong backing from coop members
Over 32,000 member-consumer-owners (MCOs) of South Cotabato II Electric Cooperative (SOCOTECO II) overwhelmingly endorsed the cooperative's proposed conditional joint venture agreement (CJVA) with power firm IGNITE Power, moving the utility a step closer to a partnership aimed at modernizing its aging distribution system.
SM stays on track for 2040 emissions goal
SM Investments Corp. said it remains on course to cut its greenhouse gas emissions by 40 percent by 2040, betting that investments in renewable energy, energy efficiency, and sustainable finance will strengthen both its environmental performance and long-term business resilience.
Meralco explains power hike amid fuel price pressures
Manila Electric Co. (Meralco) said the recent increase in electricity bills was driven primarily by higher generation charges, pointing to soaring global fuel prices, a weaker peso, and the country's reliance on natural gas to maintain grid stability rather than any increase in its own distribution rates.
DOE welcomes start-up of Cotabato solar power plant
The Department of Energy has announced the first phase of the Tantangan solar project in South Cotabato is now energized.
Sectors push for policy reforms amid record-high power costs
Various groups and industry stakeholders are calling for policy changes that help bring down electricity rates at the hearing convened by the Senate Committee on Energy on Thursday. The Department of Energy confirmed earlier this week that power rates average P12.43 per kilowatt-hour in June, the highest across all 11 ASEAN member states, and slightly higher than Singapore’s for the same month.
