State-run National Electrification Administration (NEA) is targeting a 94-percent nationwide electrification rate by the end of 2026, despite continuing challenges related to budget, manpower and adverse weather.

About 1,200 households and businesses on Cagbalete Island will soon gain access to reliable electricity after a state-run power firm and the Philippines’ largest electricity distributor signed a microgrid service contract.

Repower Energy Development Corp. (REDC) inaugurated its P4-billion Pulangi Hydropower Plant in Bukidnon, marking its ninth operating hydropower facility and first in the southern island of Mindanao.

THE Capitol University Medical Center (CUMC) will be supplied by First Gen Corp. (First Gen) with 900 kilowatts (kW) of geothermal power, making it the first hospital in Mindanao to be fully powered by renewable energy (RE).

The Management Association of the Philippines (MAP) and the Department of Energy (DOE) signed a three-year Joint Energy Action Agenda (JEAA) for 2026–2028, committing private sector expertise to accelerate the implementation of the Philippine Energy Plan (PEP) 2023–2050 and enhance national energy security.

Citicore Renewable Energy Corp. (CREC) has secured a P3.975 billion project finance loan facility agreement with the Bank of the Philippine Islands (BPI) to finance the completion of its 113-megawatt peak (MWp) Citicore Solar Pangasinan (CS Pangasinan) 2 project in Binalonan, Pangasinan.

Atimonan One Energy Inc.’s 1,200-megawatt (MW) ultra-supercritical coal plant in Quezon province aims to secure an anchor market by participating in Manila Electric Co.’s competitive selection process or the Department of Energy’s (DOE) planned baseload auction.

MERALCO POWERGEN Corp. (MGEN), the power generation arm of Manila Electric Co. (Meralco), is exploring options to secure offtake for the capacity of its planned 1,200-megawatt (MW) coal-fired power project in Quezon province as early as next year.

The state-run Power Sector Assets and Liabilities Management Corp. (PSALM) has received two unsolicited proposals to rehabilitate the Agus-Pulangi Hydropower Plant Complex (APHPC) in Mindanao, according to president Dennis dela Serna.

The Energy Regulatory Commission (ERC) said on Wednesday it has evaluated a number of power supply agreements (PSAs) as part of its mandate to ensure fair and reasonable electricity rates.