PXP Energy Corpo. reported a core net loss of P21.1 million in the first half of 2025, more than double the P9.5 million loss from the same period last year, due to weaker crude prices, lower Galoc volumes, and rising production costs.
The Department of Energy (DOE) announced it will intensify efforts to address violations in the power industry, with a special focus on Siquijor Island following persistent power supply issues.
The National Grid Corporation of the Philippines (NGCP) approved 17 new energy projects, totaling nearly 4,000 megawatts (MW) of generation capacity, for system impact studies (SIS) in June, according to the Department of Energy (DOE).
In a landmark move with major corporate and commercial implications, a proposal has emerged to convert the Batangas I Electric Cooperative (BATELEC I) into a stock corporation under a joint venture with Manila Electric Company (Meralco).
President Ferdinand Marcos Jr., more known among the public as PBBM, on Monday committed to complete nearly 200 power plants and expand water infrastructure in the final three years of his administration, emphasizing their role in driving economic growth and improving quality of life.