Energy
Axelum taps First Gen for geothermal power in sustainability push
Axelum Resources Corp., a leading exporter of premium coconut products, has signed a power supply agreement with First Gen Corp. for up to 5.2 megawatts (MW) of geothermal energy, underscoring Axelum’s shift toward renewable energy (RE) to support its sustainability and operational goals.
Meralco cuts May rates amid power supply stability
Manila Electric Co., the country’s largest power distributor by sales, announced on Tuesday a significant reduction in electricity rates for May, lowering the overall rate to P2.2628 per kiloWatt-hour from P13.0127 in April.
Fuel prices drop for second week, offering relief to motorists
Motorists will see another round of fuel price rollbacks on Tuesday, marking the second consecutive week of reductions and offering welcome relief at the pumps.
ERC sanctions power firms over fuel audit non-compliance
The Energy Regulatory Commission (ERC) has issued show cause orders (SCOs) against 40 generation companies for failing to comply with mandated fuel audit requirements, citing violations of Section 43 of the Electric Power Industry Reform Act of 2001.
ERC greenlights NGCP’s ₱1.63B Ilocos substation project
The Energy Regulatory Commission (ERC) has approved the National Grid Corporation of the Philippines’ (NGCP) 230-kilovolt Pinili substation project, a ₱1.63-billion infrastructure initiative aimed at strengthening the country’s transmission network and supporting renewable energy (RE) integration in the Ilocos region.
