The Department of Energy (DOE) has formally terminated the Geothermal Renewable Energy Service Contract for the Montelago project in Oriental Mindoro, citing the failure of Mindoro Geothermal Power Corp. (MGPC) to meet key development milestones.
The National Grid Corporation of the Philippines (NGCP) has reduced its overall average transmission rate by 1.23 percent for the September 2025 billing period, which will reflect in customers' October bills. The rate now stands at P1.3998 per kilowatt hour (kWh), down from P1.4171/kWh in August.
The Department of Energy (DOE) expressed optimism that the Philippines stands to benefit from strengthened regional collaboration in the energy sector, as the country actively participates in the ongoing ASEAN Ministers on Energy Meeting (AMEM) in Malaysia.
In a bid to broaden access to financial education, SmarTrade has launched new digital initiatives aimed at equipping Filipinos—particularly young professionals and aspiring traders—with essential knowledge in finance and online trading.