The Philippine Electricity Market Corporation (PEMC) and Independent Electricity Market Corporation of the Philippines (IEMOP) said they have clearly "demarcated" the respective functions of each entity in the operation of the Renewable Energy Market (REM), which will serve as added layer of...
A "lucrative contract" with up to 40-year duration is being dangled to renewable energy (RE) developers joining the second round of RE auction covering 11,600 megawatts to be held on June 19 this year. The reference (TOR) issued by the Department of Energy (DOE) emphasized that the initial term of...
Independent Electricity Market Operator of the Philippines (IEMOP) won the tug-of-war as to which entity shall be finally authorized to operate the Renewable Energy Market (RE Market), a platform that will be used for the trading of RE certificates. According to IEMOP President Richard J....
SMC Global Power Holdings Corporation of the San Miguel group officially leads the Philippines’ debut into the "LNG importers club of the world" following the arrival of its first LNG shipment at one of the country’s major ports. The Department of Energy (DOE) affirmed the arrival of the first...
Consumers filling up their vehicles with diesel products will get to be lucky next week as the price of this commodity will see between P0.40 to P0.70 per liter rollback, based on the calculation of the oil companies. For RON92 gasoline products, estimates portend a very slight reduction of P0.05 to...
The Department of Energy (DOE) is urging system operator National Grid Corporation of the Philippines (NGCP) to shorten its approval timeline for the system impact study (SIS) on power projects being developed in various parts of the country. According to Energy Undersecretary Sharon S. Garin, the...
After a respite, higher oil prices will be back at the pumps by Tuesday, April 11, with gasoline prices rising by P2.40 to P2.80 per liter, and diesel by P1.50 to P1.90 per liter, based on the calculation of the oil companies. For the price of kerosene, another commodity used by households and key...
Rising summer temperatures and threats of power service interruptions amid surging electric bills could really trigger disappointments among us as we yearn for a “more hopeful story” that can rescue us from these predicaments. On March 31 this year, a bit of that “hope” came to light with...
Government agencies are being urged to find remedies that could help cushion the oil price impact on consumers, especially the public transport sector, as petroleum products are anticipated to go back to their upward price trend. Senate Committee on Energy Vice Chairman Sherwin T. Gatchalian, noted...
The Presidential Communications Office (PCO) has enjoined the public to join the Department of Energy (DOE)'s Electric Bill Challenge and win "fun prizes" by the end of April. "Sumali na sa Electric Bill Challenge ng Department of Energy (DOE) at sama-sama tayong magtipid ng kuryente (Join the DOE's...
Local and foreign investors are appealing to the Energy Regulatory Commission (ERC) for higher interest rates that must be factored into the calculation of tariffs on capacities offered by the Department of Energy (DOE) under the Green Energy Auction Program. ERC Chairperson Monalisa C. Dimalanta...
Copenhagen Infrastructure New Markets Fund (CINMF), an affiliate of Danish fund manager Copenhagen Infrastructure Partners (CIP), will be investing $5 billion to for the commercial development of three greenfield offshore wind farm projects that could bring in 2,000 megawatts of additional power...
