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...
The Department of Energy (DOE) has awarded Qualified Service Person (QSP) accreditation to three Liquefied Petroleum Gas (LPG) associations, ensuring the safe, efficient, and professional delivery of LPG services to the public. The DOE’s Oil Industry Management Bureau (OIMB) awarded QSP...
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) -...
Motorists may need to brace themselves for the holiday season as Christmas week is anticipated to bring another round of oil price hikes. Based on four-day Means of Platts Singapore (MOPS) trading and the average forex rate, analysts expect gasoline prices to increase by P0.35 to P0.80 per liter,...
The Department of Energy (DOE) granted system impact studies (SIS) to seven renewable energy (RE) projects that will undergo evaluation to determine the power grid's capacity to accommodate new connections. Based on a document posted on the DOE website, the largest project is the 180 megawatt-peak...
After divesting its stake in Petron Corporation in 2008, trillion-dollar energy giant Saudi Aramco is reportedly plotting a re-entry into the Philippine energy sector. According to a highly placed source, this will be through a prospective merger and acquisition (M&A) deal with one of the...
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 Department of Energy’s (DOE) announcement of a dedicated green energy auction (GEA) for offshore wind projects next year has serious industry players excitedly charging ahead like surfers eyeing that perfect swell into the deep sea—but are we ready to catch the big wave on these uncharted...
Senator Juan Miguel “Migz” Zubiri on Friday, December 13 welcomed the Philippine’s rise to the second spot in BloombergNEF Climatescope’s 2024 rankings for “the most attractive emerging markets for renewable energy (RE) investment.” Zubiri said this is concrete proof that the...
The Department of Energy (DOE) announced that the third round of the Green Energy Auction (GEA-5), focused on offshore wind (OSW) projects, will begin in the third quarter of next year. In a statement on Thursday, Dec. 12, the DOE said GEA-5 will provide developers with secure and accessible market...
The Department of Energy (DOE) has announced that the renewable energy (RE) market will commence this month, which aims to help the Philippines achieve its target share of clean energy generation mix over the next few years. According to a DOE circular, full commercial operations for the RE market...
The Department of Energy (DOE) has strengthened its partnership with the United States to advance nuclear energy in the Philippines through a recent policy dialogue. During the 2nd United States-Philippines Energy Policy Dialogue (EPD), the DOE and key US officials finalized a guiding document that...
