Manila Electric Co. (Meralco), the country’s largest power distributor, began the competitive bidding process to secure 600 megawatts of baseload power supply, aiming to safeguard electricity reliability for its growing customer base. In a statement, Meralco said the utility received a...
PARIS, France – The future energy mix demands the coexistence of nuclear and renewable energy (RE) technologies, but the growing prevalence of RE-induced negative pricing is exposing fundamental weaknesses in new market design—weaknesses that nuclear power supply agreements (PSAs) must confront...
CEBU CITY – Anticipating the negative effects of El Niño, the Metropolitan Cebu Water District (MCWD) is ramping up several water supply projects. MCWD General Manager DX Lapid said they have been coordinating closely with the Philippine Atmospheric, Geophysical, and Astronomical Services...
Bank lending accelerated to its fastest pace in nine months in April, fueled by the sharp rebound in credit demand from corporate borrowers and steady household spending. Preliminary data released by the Bangko Sentral ng Pilipinas (BSP) showed that outstanding loans granted by universal and...
President Marcos has directed the Department of Energy (DOE) to restore power supply to normal levels as soon as possible. In his recent meeting with Energy officials, Marcos made several orders to the DOE, Palace Press Officer and Communications Undersecretary Claire Castro said. "Mahaba-haba po...
CALAPAN CITY, Oriental Mindoro – Gov. Humerlito A. Dolor has given existing and new independent power providers until May 31 to make their plants fully operational to significantly reduce power interruptions in this province. Dolor said that the operational infrastructure, from plants or...
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...
Lending by big banks, or universal and commercial banks (U/KBs), closed the first quarter on an upbeat note as it accelerated to a seven-month high in March, according to the Bangko Sentral ng Pilipinas (BSP). This came as the sector provided “even stronger support for the production activities...
LAPU-LAPU CITY, Cebu — The leaders of the Association of Southeast Asian Nations (ASEAN) are exploring the creation of a regional fuel reserve system to strengthen energy security and cushion member-states from future supply disruptions caused by wars and geopolitical tensions, President Marcos...
A group of local shipping companies and operators has expressed gratitude to the Maritime Industry Authority (Marina) for what it described as the agency’s quick response to assist their sector at the height the oil supply and price woes due to the Middle East conflict. In a letter sent to...
BUTUAN CITY – The Butuan City Water District (BCWD) announced the schedule of water rationing starting Saturday as the utility’s water supply continued to dip due to the absence of rain since last week. The BCWD said that as of Saturday, it was operating at 39.81 million liters per day (MLD),...
The Marcos administration is weighing the reversal of the government’s restrictive coal policy as the country grapples with the dual pressures of surging summer demand and volatile global energy prices. Energy Secretary Sharon Garin told reporters on Monday, April 20, that the Department of...
