PASTRANA, Leyte – A group of graduating engineering students has developed a hybrid renewable energy system that uses solar and hydropower from a small irrigation canal to power streetlights in a farming community here. The locally sourced renewable energy system generates 70 percent of its power...
Citicore Renewable Energy Corp. (CREC) reported a 58 percent increase in first-quarter profit as the company accelerated the rollout of its solar portfolio and capitalized on rising electricity sales. In a disclosure to the Philippine Stock Exchange on Friday, May 15, CREC reported that net income...
A pro-solar energy congressman is prodding the government to protect consumers against fly-by-night solar power providers, even as the shift to this particular renewable energy (RE) becomes more palatable to Filipinos. Abra lone district Rep. JB Bernos, a member of the Committee on Appropriations,...
The Insurance Commission (IC) has ordered a set of relief measures for consumers, including a three-month grace period for premium payments and loan repayments, as the country grapples with an energy emergency triggered by geopolitical tensions. Under Circular Letter No. 2026-11, issued May 13,...
State-run Philippine Amusement and Gaming Corporation (Pagcor) has officially turned over ₱5.7 billion in dividends to the national treasury, a fund seen as adding to the government’s resources earmarked for energy crisis response. The payment represents nearly half of the agency’s net...
The Philippine Solar and Storage Energy Alliance (PSSEA) is calling on the government to establish a dedicated incentive framework for micro- and small-scale solar installers to lower costs and sideline the growing “informal” market of non-compliant providers. In a statement on Wednesday, May...
Manila Electric Co. (Meralco) has asked regulators for permission to cap an expected spike in electricity rates this month to shield households from surging generation costs and a weakening currency. In a proposal submitted to the Energy Regulatory Commission (ERC), the country’s largest power...
The research arm of Frankfurt-based Deutsche Bank sees a “ super ” El Niño developing from this month until July, threatening to further accelerate the surge in Philippine consumer prices already aggravated by the Middle East war. Deutsche Bank Research hiked its inflation assumption for...
During intense deliberations that preceded the 2005 enactment of the Expanded Value Added Tax (E-VAT) Law, which also covered oil and electricity, lawmakers defended the measure as a treasury-tightening mechanism; an unpopular but calculated imposition designed to raise massive revenues so it could...
LAPU-LAPU CITY, Cebu — Leaders of the Association of Southeast Asian Nations (ASEAN) recognized the growing role of artificial intelligence (AI) and digital technologies in strengthening the region’s energy security, food systems, and social protection programs, President Marcos said. Speaking...
Ayala-led renewable energy (RE) firm ACEN Corp. announced that it has partnered with AllCard Inc. to power the latter’s operations using 100-percent clean energy. In a disclosure to the Philippine Stock Exchange (PSE) on Friday, May 8, ACEN said its retail electricity arm, ACEN Renewable Energy...
Meralco PowerGen Corp. (MGen) has achieved a new milestone with the launch of its Toledo battery energy storage system (BESS) project in Visayas region. In a statement on Friday, May 8, MGen said its two-hour BESS facility in Cebu province was developed through its thermal subsidiary, Toledo Energy...
