The Department of Energy (DOE) is working with power grid operators and generation companies to restore electricity in Southern Mindanao after a major earthquake disrupted operations at power plants and severed transmission lines. Energy Secretary Sharon S. Garin said in a media briefing that the...
Citicore Energy REIT Corp. (CREIT), the real estate investment trust (REIT) of Citicore Renewable Energy Corp. (CREC), is targeting to expand its portfolio and expects its next asset infusion to be completed within this year. During the firm’s annual stockholders’ meeting (ASM) on Monday, June...
As the proposed Philippine Strategic Petroleum Reserve (PSPR) takes shape, consumers must keep a close eye on the government and their hands firmly on their wallets. While the country may need an oil stockpile, taxpayers and motorists should not end up becoming the reserve’s permanent source of...
The Asian Development Bank (ADB) is preparing a $10-million technical assistance (TA) grant to jump-start its newly launched Pan-Asia Power Grid Initiative, a flagship regional program aimed at expanding cross-border electricity trade and accelerating renewable energy (RE) integration across Asia...
A congressman from a renewable energy (RE) hub in the Philippines has expressed high hopes for the House-passed KALINGA bill--a crisis response measure that stemmed from the fuel price crisis. Camarines Sur 5th district Rep. Migz Villafuerte said that House Bill (HB) No. 9305, or the...
The Bureau of Internal Revenue (BIR) expanded its list of tax-exempt power sector fees, a move aimed at preventing double taxation and lowering electricity bills for consumers amid volatile global energy markets. Under Revenue Memorandum Circular 60-2026 issued on June 4, the government’s main...
President Marcos has directed the Department of Energy (DOE) to restore power supply to normal levels as soon as possible. In his recent meeting with Energy officials, Marcos made several orders to the DOE, Palace Press Officer and Communications Undersecretary Claire Castro said. "Mahaba-haba po...
SM joined the Department of Energy (DOE) in rolling out O.N.E.: Oras Natin sa Efficiency, a nationwide energy efficiency movement that calls on Filipinos to turn awareness into action through simple, collective energy-saving habits. Launched through a ceremonial switch-off event at the Mall of...
Real estate giant Ayala Land Inc. (ALI) is expanding its participation in a government-led energy conservation initiative by committing its entire real estate portfolio to the program rather than just its shopping malls. Robert S. Lao, ALI chief sustainability officer, said the developer will...
The Philippines is planning to establish its first state-owned strategic fuel stockpile, aiming to double the nation 's energy buffer to 60 days to insulate the economy from global supply shocks, the Department of Energy (DOE) said. In an interview, Energy Secretary Sharon Garin said the...
Levanta Renewables Pte Ltd. has secured project financing and issued a formal notice to begin construction on a major solar and battery storage facility in the Philippines. In a statement, Levante said the Singapore-backed developer finalized financial close for the Barotac solar power and battery...
As yellow and red alerts return to the Philippine grid, the recurring drop in power supply exposes deep weaknesses in the country’s energy system. Delayed infrastructure, aging plants, thin reserves, and rising demand continue to strain the national electricity grid, leaving millions vulnerable...
