Several private sector organizations raised the need for the Philippines to balance energy security, affordability, and climate change concerns to drive its economic progress. In a joint statement on Tuesday, Aug. 13, the groups emphasized that the country ranks third lowest in energy supply...
The Philippines is hopeful that it can forge a partnership with the Emirates Nuclear Energy Corp. (ENEC) as the country explores the possible use of nuclear energy for power generation. President Ferdinand 'Bongbong' Marcos Jr. meets Chairman and CEO of Emirates Nuclear Energy Corporation (ENEC)...
State-run Philippine National Oil Company (PNOC) is seeking the allocation of P6.02 billion supplemental budget so it can have ready financial capacity to cough up investment in case one of the consortium-members in the Malampaya gas field project would face snags in its capital contribution to the...
The substantial delay in the regulatory approval of power supply agreements (PSAs) was among the factors blamed in the never-ending high electricity rates burden of the Filipino consumers – and that had been particularly manifest in this year’s summer months because many power utilities were...
The Energy Regulatory Commission (ERC) has disclosed to Congress that it will be submitting the result of its performance review on system operator National Grid Corporation of the Philippines (NGCP) by December. “We have until the end of the year to submit our findings to the President,” ERC...
There will be massive financial relief in the pockets of consumers next week, as oil prices will be on hefty rollback that could go beyond P2.00 per liter across products, based on the preliminary calculation of the oil companies. As reckoned from the three-day outcome of trading in the regional...
With its cash stream boosted by the entry of new capacities from its solar plants, the net income of listed firm Citicore Renewable Energy Corp (CREC) climbed 9.0% to P910 million in 2023 versus P834 million in the prior year. The company’s earnings before interest, taxes, depreciation and...
The Energy Regulatory Commission (ERC) has logged roughly P50 billion worth of aggregate savings for customers that have been availing of electricity services from the retail electricity suppliers (RES). According to ERC Chairperson Monalisa C. Dimalanta, the scale of cost savings registered by RES...
The Department of Energy (DOE) is batting for an issuance of system impact study (SIS) for power projects that shall be shorter than three months, so the country can further speed up developments in the renewable energy (RE) sector. According to Energy Secretary Raphael P. M. Lotilla, the length of...
The Philippine Chamber of Commerce and Industries (PCCI) has voiced its support for Energy Secretary Mr. Raphael P.M. Lotilla amid the recent graft complaint filed against him by certain progressive groups. In a statement on Monday, Aug. 5, the business group dismissed the graft charges...
Motorists will have another week of just slightly happy drive to the pumps this week as the price of diesel products will be on rollback by marginal P0.20 per liter; while gasoline prices will be reduced by a token P0.10 per liter. Additionally, kerosene products will be slashed by relatively...
EMBARGO FOR MONDAY The Japan International Cooperation Agency (JICA) is being engaged by the Philippine government to undertake updated inventory of the prospective sites for new hydropower developments in the country, according to the Department of Energy. In a statement to the media, the DOE...
