The Energy Regulatory Commission (ERC) has formally approved the implementing rules governing the Department of Energy’s Mid-Merit Natural Gas Capacity Auction Program, while also opening for public consultation a new secondary price cap designed to rein in excessive costs in the country’s reserve and ancillary services market.

The impressive run of Alex Eala at the Prudential Hong Kong Open ended with a painful thud on Sunday, as a troublesome right leg proved a bigger opponent than she could handle in the championship match.

Filipino households and businesses can look forward to significant relief at the pumps this week, with a major downward adjustment in fuel costs forecast following five consecutive weeks of mixed price trends.