Real estate giant Ayala Land Inc. (ALI) is expanding its participation in a government-led energy conservation initiative by committing its entire real estate portfolio to the program rather than just its shopping malls. Robert S. Lao, ALI chief sustainability officer, said the developer will...
The Philippines is planning to establish its first state-owned strategic fuel stockpile, aiming to double the nation 's energy buffer to 60 days to insulate the economy from global supply shocks, the Department of Energy (DOE) said. In an interview, Energy Secretary Sharon Garin said the...
As yellow and red alerts return to the Philippine grid, the recurring drop in power supply exposes deep weaknesses in the country’s energy system. Delayed infrastructure, aging plants, thin reserves, and rising demand continue to strain the national electricity grid, leaving millions vulnerable...
It takes small, everyday actions to keep the darkness at bay, a sentiment that echoes the impact of kindness and love found in community efforts as well as individual actions. The Department of Energy (DOE), in partnership with SM Supermalls, officially launched the O.N.E Oras Natin sa Efficiency...
The Philippines is set to secure another $1-billion loan from the World Bank in June, this time for an energy project follow-through and coupled with a $20-million grant, making the package the largest single financing commitment extended to the country by the Washington-based multilateral lender....
Twenty-five years after the Electric Power Industry Reform Act (EPIRA) restructured the country’s electricity sector, government and industry players are expected to raise a toast to “market liberalization” as a success story. Whether consumers feel just as energized, however, is another...
The Philippines is moving to establish its first systematic strategic petroleum reserve program to insulate the domestic economy from volatile global supply chains and geopolitical shocks, according to the Department of Energy (DOE). Under a newly established framework dubbed Partnership On Wide...
State-run Maharlika Investment Corp. (MIC), which manages the country ’s first sovereign wealth fund (SWF), has signed a cooperation agreement with key government energy agencies to modernize and rehabilitate the aging power transmission system of Mindoro Island, with officials aiming to...
Electricity subsidies remain necessary to help vulnerable households and remote communities access power, but the Philippine government needs to improve targeting mechanisms to reduce leakages and ensure long-term sustainability, according to experts at a recent webinar organized by state-run...
Are you afraid of the dark? Well, that depends on whether we are talking about horror movies or the national power supply! Just when Filipino consumers thought they could finally survive the summer’s rotational blackouts, the international energy market strolled in like a sequel villain,...
The Department of Energy’s (DOE) annual summer ritual is familiar: it promises that the electricity supply will be “enough and stable,” but the power grid clearly is not getting the memo. After decades of forecasting, energy officials still miss the mark so consistently that it almost feels...
During intense deliberations that preceded the 2005 enactment of the Expanded Value Added Tax (E-VAT) Law, which also covered oil and electricity, lawmakers defended the measure as a treasury-tightening mechanism; an unpopular but calculated imposition designed to raise massive revenues so it could...
