Motorists to Face Higher Fuel Prices as Retailers Announce Price Hike for 2025
Motorists will see an increase in petroleum product prices this week as retailers announced a significant price hike on Monday to kick off 2025, following a rollback the previous week. In separate announcements, Seaoil Philippines Corp. and Shell Pilipinas Corp. stated they will raise the prices per liter of gasoline and kerosene by P1.00 each, […]
ERC Sets P25/kWh Price Cap for Backup Power in Reserve Market
MANILA, Philippines — The Energy Regulatory Commission (ERC) has introduced a price cap of P25 per kilowatt-hour (kWh) for backup power offered to the National Grid Corp. of the Philippines. During a recent meeting, the ERC decided to set a minimum offer price of zero per megawatt-hour and a maximum of P25,000 per MWh, equivalent […]
Visayan Electric Lowers Residential Rates by P0.68/kWh for Holiday Season, Advises Energy-Saving Practices
Residential consumers of Visayan Electric will experience a reduction of P0.68 per kilowatt-hour (kWh) in their December to January billing cycle. This adjustment lowers the overall residential rate from P12.19/kWh to P11.51/kWh, equating to savings of at least P136 for households consuming 200 kWh. The decrease is primarily due to reduced electricity prices in the […]
State of Calamity Declared in Siargao and Bucas Grande Islands Due to Power Outage
BUTUAN CITY – On Tuesday, the Sangguniang Panlalawigan (SP) of Surigao del Norte passed a resolution declaring a state of calamity in Siargao and Bucas Grande Islands due to a prolonged power outage that began on December 1, caused by a fault in the submarine cable that supplies electricity from mainland Mindanao. Governor Robert Lyndon […]