The Department of Energy (DOE) said the agency is actively terminating sluggish renewable energy (RE) contracts to free up space and attract new investments. Energy Secretary Sharon Garin said the department is “purging” service contracts that were awarded but have yet to advance from the...
Electricity consumers may see another round of power-bill increases as the Energy Regulatory Commission (ERC) announced the resumption of the Universal Charge-Environmental Charge (UC-EC) collection. In an advisory Friday, Nov. 7, the ERC reinstated the ₱0.0025 per kilowatt-hour (kWh) UC-EC, five...
The Energy Regulatory Commission (ERC) is moving to create a uniform national lifeline subsidy rate (UNLSR) that would fund 100 percent electricity bill discounts for low-income households. In a statement on Wednesday, Nov. 5, the agency announced that it is seeking to establish a national lifeline...
About 1.4 million power connections are undergoing restoration in the Visayas region following the impact of Typhoon “Tino,” the Department of Energy (DOE) and partner agencies reported Wednesday, Nov. 5. In a briefing, Energy Undersecretary Felix William Fuentebella said approximately seven...
The Department of Energy (DOE) has identified five potential sites for waste-to-energy (WtE) projects under the sixth round of the Green Energy Auction, with a total expected capacity of around 170 megawatts (MW). According to the terms of reference (TOR) for GEA-6, the DOE named five WtE lots: two...
The Makati Business Club (MBC) is urging the government to streamline policies and intensify efforts to reduce landfill waste ahead of the upcoming Green Energy Auction (GEA), which will include waste-to-energy (WtE) technologies. In a briefer, the influential business group noted major gaps that...
The Metro Manila Council (MMC) expressed its support for the Department of Energy 's (DOE) waste-to-energy plan aimed at converting the cities ' garbage into fuel, ushering in a new dawn of renewable energy in the National Capital Region (NCR). During a meeting at the Metropolitan Manila...
Energy Development Corp. (EDC), the Lopez Group 's renewable energy arm, has maintained its top-tier financial standing, receiving the highest PRS Aaa credit rating with a Stable Outlook from Philippine Rating Services Corp. (PhilRatings) for its ₱12.5 billion in outstanding Fixed-Rate ASEAN...
Singapore/Belém, Brazil – Global energy stakeholders have been in overdrive in recent days. From the charged discussions at last week’s Singapore International Energy Week (SIEW) to the opening of COP30 in Belém, Brazil, this week, they all echo one fundamental message: the race to...
PAGBILAO, Quezon – An employee was killed and nine colleagues were injured in a fire that hit the Pagbilao Power Station operated by Pagbilao Energy Corp. in Ibabang Polo here on Friday night, Oct. 31. The Pagbilao Energy Corp. (PEC) said the fire occurred at about 9 p.m. and has been contained....
Oil prices are expected to rise again by the first week of November as growing seasonal demand meets tightened global supply due to ongoing sanctions. Based on the four-day trading average of Mean of Platts Singapore (MOPS), gasoline could climb at around ₱1.2 to ₱1.7 per liter, while diesel...
Manuel V. Pangilinan-led PXP Energy Corp. plans to expand its exploration footprint in the Northwest Palawan basin, anticipating the award of two additional service contracts (SCs) as it seeks to boost its reserves amid widening losses. In a disclosure to the Philippine Stock Exchange on Thursday,...
