President Ferdinand Marcos Jr. earned widespread public approval when he declared in his fifth State of the Nation Address that consumers should no longer pay the system loss charge on their electricity bills. His reasoning was straightforward. Electricity lost before it reaches homes and...
The Energy Regulatory Commission (ERC) has ordered power distributors to suspend electricity service disconnections, among other measures to ensure consumer protection amid the ongoing energy emergency. In an advisory issued on Thursday, July 16, the ERC directed distribution utilities (DUs) to...
The Energy Regulatory Commission (ERC) is planning a stricter regulatory framework that will require electricity distributors to secure prior approval for bidding terms on power supply contracts, a move aimed at eliminating anti-competitive practices and lowering consumer electricity rates. Under...
The Department of Energy (DOE) reported that restoration efforts are underway following a powerful magnitude 7.8 earthquake that struck southern Mindanao, with government personnel and energy sector partners working to safely re-energize affected communities. In a statement on Tuesday, June 9, the...
The Energy Regulatory Commission (ERC) has ordered a nationwide temporary suspension of power disconnections to preserve electricity access during a declared State of National Energy Emergency and shielding consumers from immediate service cuts. In a newly issued advisory, the country’s energy...
Manila Electric Co. (Meralco), the country’s largest power distributor, saw its first-quarter profit growth drift lower as unseasonably cool weather and global geopolitical tensions stifled energy demand. In a media briefing on Monday, May 4, Betty C. Siy-Yap, Meralco senior vice president and...
Filinvest Development Corp. (FDC), the Gotianun Group’s holding company, reported a 24-percent growth in attributable net income to an all-time high of ₱15 billion last year from the ₱12.1 billion generated in 2024. In a disclosure to the Philippine Stock Exchange (PSE) on Thursday, March 19,...
Filinvest Development Corp. (FDC), the investment vehicle of the Gotianun family, is signaling a continued push for expansion following record-breaking performance last year. FDC Chief Operating Officer Ysmael V. Baysa said the conglomerate aims to sustain its growth trajectory by maintaining high...
Senator Sherwin Gatchalian has filed a bill that seeks to abolish the collection of bill deposits by distribution utilities (DUs) and electric cooperatives (ECs) in a bid to alleviate the burden of residential power consumers reeling from high electricity rates. In filing Senate Bill No. 1470 or...
Senator Mark Villar said on Saturday, June 5 that he did not participate in any capacity whatsoever in transactions or potential transactions between PrimeWater and any of its partner districts. ' 'I wish to take this opportunity to clarify that I have no direct or indirect ownership or...
As Filipino consumers are continually stricken with the sting of outdated and expensive electricity rates, a lawmaker is pushing for a comprehensive investigation on the cause of delays on the rate reset or the warranted tariff adjustments of regulated entities as anchored on performance-based...
FDC Green Energy Corporation, a subsidiary of FDC Utilities, Inc. (FDCUI) of Gotianun-led Filinvest Development Corp., is poised to advance to construction phase its 20.75-megawatt solar farm project following groundbreaking rites at its PHIVIDEC Industrial Estate project site in Misamis Oriental ....
