The Energy Regulatory Commission (ERC) has approved an increase in the Feed-in-Tariff Allowance (FIT-All) rate, starting next month, which will slightly raise power bills to generate sufficient funds for paying renewable energy (RE) developers. In a briefing on Monday, Oct. 20, ERC Chairperson...
In love, they call it the seven-year itch, but the Philippine coal moratorium barely made it to a five-year streak before jumping back into the arms of its toxic ex: King Coal! Missing the ‘dirty play’ that much, huh? It looks like we can’t quit this coal addiction, even as the planet begs...
Consumers may soon see fairer or more reasonable power rates as the Energy Regulatory Commission (ERC) begins the long-awaited rate reset process for Manila Electric Co. (Meralco) and other private distribution utilities. In a statement, the ERC said it has approved the new Rationalized Rules for...
Instead of an initial public offering for its green energy businesses under MGen Renewable Energy Inc. (MGreen), Manila Electric Company (Meralco) is planning a re-IPO after all of its assets has been consolidated under SP New Energy Corporation (SPNEC). “We’re likely to inject our renewable...
The coal moratorium, a policy meant to suspend new coal-fired power projects, is being weakened by new exemptions from the Department of Energy (DOE), drawing immediate criticism from environmental and industry analysts. The Center for Energy, Ecology, and Development (CEED) raised concerns Friday,...
Saavedra-led infrastructure and engineering firm Megawide Construction Corp. has completed its acquisition of 9.88 percent of affiliate Citicore Renewable Energy Corp. (CREC), effectively gaining a new revenue source from solar power. In a disclosure to the Philippine Stock Exchange, Megawide said...
Motorists have faced weekly price hikes at the gas pumps, but next week may finally bring some long-awaited relief. Based on the four-day trading average of Mean of Platts Singapore (MOPS), diesel prices could see their first rollback in two months, ranging from ₱0.60 to ₱1.10 per liter....
The Department of Energy (DOE) has widened exemptions to its coal moratorium, opening the door for new coal-fired power projects under strict conditions. In a new advisory, the DOE outlined five specific criteria that permit continued coal development, largely focusing on self-generation and...
The Department of Energy (DOE) has unveiled a new framework to generate and trade carbon credits, establishing a financial mechanism designed to unlock capital for the early retirement of coal-fired power plants. Energy Secretary Sharon S. Garin recently signed Department Circular No....
The Department of Energy (DOE) has terminated the service contract for the Montelago geothermal power project, scuttling the planned facility after citing the developer’s failure to meet certain targets. In a disclosure to the Philippine Stock Exchange on Wednesday, Oct. 15, Nickel Asia Corp....
The Department of Energy (DOE) is set to finalize agreements with its regional partners on collaborations for grid, petroleum, renewable energy (RE), and nuclear power ahead of the Association of Southeast Asian Nations (ASEAN) summit. In a statement on Wednesday, Oct. 15, Energy Undersecretary...
Three years after the Philippines lifted the limit on foreign ownership in renewable energy (RE) projects, the Department of Energy (DOE) said 75 ventures with international investors are now driving the country toward its clean energy goals. Speaking at the 2nd Philippines Future Energy & Grid...
