Energy
Fuel prices climb sharply amid global oil market optimism
The various fuel retailers are set to implement significant price increases on Tuesday, with gasoline and kerosene rising by ₱1.20 per liter, and diesel surging by ₱1.70 per liter, marking a notable reversal after two weeks of rollbacks.
Electricity sales rise lifts Repower 1Q earnings
Repower Energy Development Corp. (REDC), a run-of-river hydropower developer, posted a 32 percent year-on-year increase in net income to P92.5 million in the first quarter, driven by higher energy sales.
Higher electricity sales power 8% profit rise for CREC
Citicore Renewable Energy Corp. (CREC) reported an 8 percent increase in net income for the first quarter of 2025, rising to ₱230 million from ₱213 million last year, buoyed by a sharp uptick in electricity sales.
DOE urges fair insurance premium for transitioning coal plants
The Department of Energy (DOE) is calling on insurance providers to offer more reasonable premium rates for coal-fired power plants, warning that disproportionate insurance costs threaten the operational stability of power sources crucial to the national energy mix.
ERC cracks down on 37 gencos over fuel data gaps
The Energy Regulatory Commission (ERC) has issued 40 show cause orders (SCOs) to 37 power generation companies (gencos), for failing to submit complete fuel data for the 2022 audit period—raising serious implications for transparency, cost recovery, and regulatory compliance in the domestic power sector.
