Holy Week brought solemn reflection to many—but for renewable energy (RE) investors, it delivered preliminary Energy Regulatory Commission (ERC) flagellation—that’s via a savage preview of green energy auction reserve (GEAR) prices that could nail their green dreams to the regulatory cross...
Source: Energy Regulatory Commission (ERC) The Energy Regulatory Commission (ERC) has dropped its preliminary verdict on reserve prices that will prospectively guide investors on forward decision whether or not to inject capital in the next wave of renewable energy (RE) capacities to be offered in...
In an era where sustainability is no longer just a corporate trend but an urgent global priority, the Green Energy Option Program (GEOP) is proving to be a game-changer for businesses in the Philippines. With an impressive 98 percent retention rate in 2024, the program is delivering substantial...
The Department of Energy (DOE) has opened the fourth Green Energy Auction (GEA 4) through its newly released bidding framework. In a statement on Wednesday, March 12, the DOE unveiled the terms of reference (TOR) which lays out the technical, financial, and commercial requirements that would manage...
Data on power consumption, generation costs, and generation rates from 36 GEOP-registered meters A new study by The Climate Reality Project Philippines has revealed the significant benefits of renewable energy for Philippine businesses. By enabling companies to switch to 100 percent...
Following the launch of the third Green Energy Auction (GEA-3), the Department of Energy (DOE) announced that submitted offers for renewable energy (RE) technologies from qualified bidders exceeded the initial capacity target. In a statement on Wednesday, Feb. 12, the DOE reported that the total...
The Department of Energy (DOE) shared that financial partnerships and government support will play a key role in de-risking geothermal exploration in the country, as its costs are expected to decrease over the next 20 years. During a University of the Philippines (UP) lecture on the country's...
The Department of Energy (DOE) said it will release the Terms of Reference (TOR) for the fourth Green Energy Auction (GEA-4) this month, which includes the Integrated Renewable Energy Storage System (IRESS). The TOR will outline the auction's specific provisions and procedures, covering technical,...
Ayala-led ACEN Corp. announced Tuesday, Feb. 4, that it has increased its stake in its subsidiary, Belenos Energy Corporation, to bolster its renewable energy (RE) portfolio. In a disclosure to the Philippine Stock Exchange, ACEN said it signed a subscription agreement worth ₱392 million to...
The Energy Regulatory Commission (ERC) has firmed up the intricate ‘tariff-setting parameters’ or price determination methodology that will anchor the 20-year power supply agreements (PSAs) in the third Green Energy Auction (GEA-3) to be administered by the Department of Energy (DOE) -...
The Department of Energy (DOE) is firming up a policy that will reduce the performance bond requirement for offshore wind projects to a leaner five percent, a departure from the typical 20 percent required in green energy auctions (GEA) for other renewable energy (RE) technologies. At a year-end...
The Gordian knot of the power sector’s regulatory affairs will be eased as the Energy Regulatory Commission (ERC) is already scheduled to resume its formal Commission meeting this Monday (September 30), which will be the first under the supervision of Officer-in-Charge Chairperson and CEO Jesse...
