The Energy Regulatory Commission (ERC) said it will coordinate with the Philippine Competition Commission (PCC) and three energy giants to address Power Supply Agreements (PSAs) following the approval of their integrated liquefied natural gas (LNG) project. ERC Chairperson Monalisa Dimalanta stated...
PacificLight Power Pte. Ltd. (PLP), a subsidiary of MGen, has been awarded the right to build, own, and operate a hydrogen-ready Combined Cycle Gas Turbine (CCGT) facility in Jurong Island that is set to begin operations in 2029. In a disclosure to the Philippine Stock Exchange on Monday, Jan. 6,...
The country's offshore wind industry is just lifting off, but its massive potential is already making waves – and it is poised to redefine the Philippines’ energy future. Reaching the first megawatt of offshore wind power demands more than just ambition—it demands seamless alignment of every...
The Philippine Solar and Storage Energy Alliance (PSSEA) said the solar energy industry is forecasted to expand further this year amid rapid pace of installation, helping the country reach its decarbonization goals. In a statement, the PSSEA noted the global rise of solar installations is...
Consumers can expect some savings to start the year as Petron Corp. and Solane announced rollbacks in the prices of liquefied petroleum gas (LPG) effective Jan. 1, 2025. In an advisory, Petron said it implemented a P0.90/kilogram rollback in LPG prices starting 12:01 a.m. on Jan. 1. Solane, in a...
Advent Energy, Inc., an energy solutions provider and subsidiary of Aboitiz Power Corporation, aims to capture a 30 percent market share in the Mindanao region. James Yu, Aboitiz Power first vice president and head of retail, explained that despite hurdles such as educating the market and upgrading...
The Energy Regulatory Commission (ERC) has adopted key amendments to its resolution governing the rate-setting process for privately-owned electricity distributors to ensure the timely reset of rates, beginning with Manila Electric Company (Meralco). In a statement, the ERC Chairperson and...
While most investors around the world are scrambling to ditch coal plants like bad habits, a defiant European billionaire is still pushing all his chips in for this technology - scooping up these assets in a brazen move to cement coal’s place in the energy mix for many more decades to come. Czech...
The bill seeking to create the Philippine Atomic Energy Regulatory Authority (PhilATOM), an independent regulatory and quasi-judicial body tasked with ensuring nuclear safety and security, will bode well for the country as it would help employ the benefits of nuclear energy, Senator Alan Peter...
The Philippines, a jewel box of stunning islands and vibrant culture, draws millions of tourists each year to its pristine shores. Boracay, with its powdery white sands and turquoise waters, welcomed over two million visitors in 2023. Siargao Island, a surfer's paradise renowned for its world-class...
Renewable energy real estate investment trust Citicore Energy REIT Corporation (CREIT) announced plans to complete 32 clean power projects across Luzon and Visayas within the next five years. In a three-year investment strategy report filed with the Philippine Stock Exchange, CREIT stated that...
The Energy Regulatory Commission (ERC) has deferred the release of guidelines for the Green Energy Auction Allowance (GEA-All) and the Renewable Energy Payment Agreement (REPA) for the Green Energy Auction Program (GEAP). An ERC notice dated Dec. 17, released on Dec. 23, stated that the GEA-All...
