MANILA, Philippines — Primelectric Holdings Inc. of tycoon Enrique Razon Jr. is promising lower power rates and more efficient service for consumers if its proposed deal with South Cotabato II Electric Cooperative Inc. (Socoteco 2) pushes through.
A broader legislative push to review electricity pricing in the Philippines is gaining momentum in the Senate, with multiple proposals now targeting taxes and pass-through charges in consumer power bills under ongoing hearings of the Senate (Proactive Response and Oversight for Timely and Effective Crisis Strategy) PROTECT Committee.
A member of the Senate Proactive Response and Oversight for Timely and Effective Crisis Strategy (PROTECT) Committee called for the immediate amendment of The Electric Power Industry Reform Act (EPIRA) of 2001, or Republic Act No. 9136, to stop the exorbitant charges imposed by Meralco on its consumers who are already reeling from the rising…
The Department of Energy (DOE) reported overall increases in fuel prices this week, even as the country’s supply remained stable at around 53 days of inventory.
Ayala-led ACEN Corp. has approved a short-term loan of up to P850 million to a wholly owned subsidiary to support the development of a battery energy storage system (BESS) project in Zambales.
Meralco reported a modest increase in first-quarter earnings for 2026 as gains from its generation business, particularly LNG and early solar output, helped offset softer distribution volumes and volatility in global fuel markets following geopolitical tensions.
MANILA, Philippines -First Gen Corp. has formalized the structure and payment terms of its hydropower deal with Prime Infrastructure Capital Inc., detailing how the multibillion-peso transaction will be executed.
Vena Energy’s Garcia 4 (Opus Solar Energy Project) in the Philippines has been named Solar Deal of the Year – APAC at the IJGlobal Awards, highlighting one of the country’s major renewable energy financing transactions.
State-run Bases Conversion and Development Authority (BCDA) has signed a memorandum of understanding with Esyasoft Technologies Asia to explore advanced energy solutions, including battery energy storage systems (BESS), for its flagship developments—anchored on New Clark City—as part of efforts to strengthen grid stability and accelerate renewable energy integration.
Manila Electric Company (Meralco) has approved the sale of its majority stake in Radius Telecoms, Inc. to PLDT Inc. for nearly PHP 3 billion, marking a strategic exit from the telecommunications infrastructure business.