Escalating tensions in the Middle East and the resulting spike in global oil prices could trigger broader economic disruptions in the Philippines, worsening inflation, weakening the peso, and raising costs across transportation, food, tourism, and other energy-intensive industries, according to...
President Marcos plans to propose to Japanese officials during his upcoming state visit the exploration of alternative sources of petroleum products, noting that the impacts of the conflict in the Middle East should not be repeated if another crisis arises in the future. Asked during a roundtable...
The Department of Energy’s (DOE) annual summer ritual is familiar: it promises that the electricity supply will be “enough and stable,” but the power grid clearly is not getting the memo. After decades of forecasting, energy officials still miss the mark so consistently that it almost feels...
The national government increased subsidies to state-run corporations by nearly a fifth in the first quarter of the year, driven by aggressive funding injections for energy modernization and agricultural support. According to the latest data from the Bureau of the Treasury, total financial...
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...
