The Department of Energy (DOE) has formally issued the notice for the second green energy auction (GEA) in June this year, wherein it intends to offer 11,600 megawatts of renewable energy (RE) capacities to interested investors. The tendering process for the award of long-term power supply...
ACEN Corporation, the energy investment arm of the Ayala group, becomes the first energy company in Southeast Asia to have cemented its mid-century "net zero" pathway or the specific timelines to achieve targets for zero gas emissions emanating from its businesses or operations. According to ACEN...
The Energy Regulatory Commission (ERC) has set at 6,367,759 megawatts the maximum installed capacity a generation company (GenCo) can own and could dispatch nationwide to ensure market competition. The limit is based on the Electric Power Industry Reform Act (EPIRA), which provides the market share...
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...
Lotilla directs NPC’s 'exit' plan from fossil fuels By MYRNA M. VELASCO A gradual and well-calculated exit plan from diesel generating sets and other fossil fuels has been directed by Energy Secretary Raphael P. M. Lotilla on state-run National Power Corporation. In line with that mandate, the...
System operator National Grid Corporation of the Philippines (NGCP) has filed its motion for reconsideration (MR) with the Energy Regulatory Commission (ERC) for its request to be allowed monthly renewal of its ancillary services (AS) contracts while its procurement processes for power reserves are...
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...
President Ferdinand "Bongbong" Marcos believes that the Philippines no longer needs large-scale energy projects such as the Bataan Nuclear Power Plant with the birth of battery farms. Marcos made the statement as he graced the inauguration of Global Power’s Battery Energy Storage System (BESS)...
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...
MGen Renewable Energy, Inc. (MGreen), a unit under the Manila Electric Company (Meralco) group; and Vena Energy have reached commercial operation date (COD); for their 68-megawatt solar farm project in Currimao, Ilocos Norte. The “Garcia 2’ solar farm facility, which is under corporate vehicle...
An active and functional collaboration between the Department of Energy (DOE) and Department of Environment and Natural Resources (DENR) is being sought on incentivizing investments on the waste-to-energy (WTE) space, so the Philippines could have innovation on alternative fuel that can be used for...
