While the Philippines is exploring the re-entry of nuclear power, securing financing may prove challenging as some local banks remain cautious about backing such projects. In an exclusive interview, Michael Ricafort, Chief Economist at Rizal Commercial Banking Corp. (RCBC), explained that the high...
Motorists should brace for a potential fuel price increase next week, with per-liter costs for gasoline and diesel expected to rise by more than a peso due to global geopolitical tensions and sanctions. Based on the four-day trading average of the Mean of Platts Singapore (MOPS), the price of...
The Department of Energy (DOE) is confident it will meet its renewable energy (RE) generation targets of 35 percent by 2030 and 50 percent by 2040, as outlined in the Power Development Plan (PDP). On the sidelines of the Philippine Energy Transition Dialogue 2025, Energy Secretary Sharon Garin...
The Philippines is on the verge of achieving universal electricity access despite challenges in its shift toward renewable energy (RE) sources, according to the United Nations Economic and Social Commission for Asia and the Pacific (UNESCAP). “Countries like Indonesia, Fiji, and the Philippines...
The Department of Energy (DOE) has proposed a 24.4 percent increase to its budget next year, seeking ₱3.839 billion from Congress. During the House of Representatives’ Committee on Appropriations meeting on Tuesday, Sept. 2, the DOE stated that the proposed budget, increased from this year’s...
The Energy Regulatory Commission (ERC) has revised its rules for the net-metering program, making it easier for consumers to adopt renewable energy (RE) and utilize smart technologies. Net metering is a program that allows consumers, typically those with solar panels, to generate their own power....
Governed by transparency and tasked with promoting competition and protecting consumer interests, the Energy Regulatory Commission (ERC) has released new draft guidelines for the Ancillary Services Procurement Agreements (ASPAs) entered into by the National Grid Corporation of the Philippines...
LONDON, England – Building a nuclear plant isn’t just about typical infrastructure development; it requires a multi-generational commitment. It can take 10-15 years, or even longer, before a project can advance to commercial operations. Beyond the grueling work of securing public acceptance and...
Senator Sherwin Gatchalian welcomed on Saturday, Aug. 30, the indictment of former Department of Energy (DOE) secretary Alfonso Cusi by the Ombudsman over the controversial 2019 Malampaya deal. "I welcome the decision of the Ombudsman to indict former DOE secretary Alfonso Cusi and other officials...
The Department of Energy (DOE) and the National Electrification Administration (NEA) have announced that Siquijor Island Power Corp. (SIPCOR) will cease operations. In a briefing, Energy Secretary Sharon Garin said the Villar-owned power supplier will be replaced by TOTALPower, Inc., which will...
Motorists will have to dig deeper into their pockets for gas and diesel starting next week, as local pump prices are poised for another round of increases. Based on the four-day Mean of Platts Singapore (MOPS), gasoline could rise ₱0.40 to ₱0.60 a liter, while diesel may increase by ₱0.80 to...
The Department of Energy (DOE) is delaying the country’s first-ever renewable energy auction dedicated to offshore wind to the fourth quarter, as the agency works to address stakeholders’ concerns on a new provision embodied in the proposed terms of reference (TOR). From the previously slated...
