PXP Energy Corp., a publicly listed oil and gas exploration firm, reported a first-quarter net loss of P9.4 million, significantly wider than the P2.6 million loss posted during the same period last year.
The Manila Electric Co. (Meralco) said it supports using a competitive selection process, or public bidding, when choosing private sector partners for electric cooperatives (ECs).
Electricity prices in the country’s spot market increased sharply in March, driven by tighter supply and higher demand, according to the Independent Electricity Market Operator of the Philippines (IEMOP).