Madrid-headquartered Bluefloat Energy announced plans for gigantic 7.6-gigawatt (7,600 megawatts) offshore wind power projects in the Philippines, the biggest in its portfolio, with a target to bring the initial development onto commercial operation by the turn of the decade. In a briefing with...
118 qualified firms eyeing to join 2nd RE auction By Myrna M. Velasco The Department of Energy (DOE) is set to hold its second Green Energy Auction (GEA-2) on June 19 which attracted a remarkable number of potential bidders. A total of 118 qualified companies have expressed interest in bidding for...
Razon-led Prime Infrastructure Capital Inc. has inked a memorandum of understanding (MOU) with FGEN LNG Corporation of the Lopez group for the lease and operation of the latter’s liquefied natural gas (LNG) storage and regasification terminal for its gas aggregation business plan. Beyond the MOU,...
State-run National Power Corporation (NPC) had the "highest cost savings" so far when it comes to electricity bill among government agencies in a particular year and matched with corresponding decline in kilowatt-hour usage. The efficiency rating was gauged via the enforcement of the Government...
The single settlement system for capacities traded via the Wholesale Electricity Spot Market (WESM) across all grids will kick-off in the May billing cycle, the Department of Energy (DOE) said. In an advisory issued this month, Energy Secretary Raphael P.M. Lotilla stipulated that WESM’s shift...
The Department of Energy (DOE) will issue a circular setting the standards and pricing methodology to be complied with by service providers in the flourishing solar rooftop energy solutions in the country. In the proposed policy, the Energy Regulatory Commission (ERC) will be crafting the proposed...
Motorists using gasoline products in their vehicles will have to brace for heavier financial burden next week, as the price of this commodity is anticipated to rise by more than P1.00 per liter, based on the initial estimate of the oil companies. According to industry players, gasoline prices will...
The Energy Regulatory Commission (ERC) is considering to enforce a "differentiated pricing" for the waste-to-energy (WTE) capacities to be offered under the Green Energy Auction (GEA) program of the government. ERC Chairperson Monalisa C. Dimalanta admitted that the issuance of green energy auction...
Transmission firm National Grid Corporation of the Philippines (NGCP) objected to the planned audit by the Department of Energy (DOE) and two other state-run companies – the Power Sector Assets and Liabilities Management Corporation (PSALM) and National Transmission Corporation (TransCo), stating...
The Department of Energy (DOE) is planning a site visit to the 1,200-megawatt Ilijan gas-fired power facility this week to re-validate its targeted return to commercial operation this May 26, as earlier communicated to the government by South Premiere Power Corporation (SPPC) of the San Miguel...
Despite fragmenting markets and the changing landscape for global gas commodity trading, the Department of Energy (DOE) indicated it may still opt for oil-linked pricing if Malampaya would yield new commercial gas discovery. According to Energy Secretary Raphael P.M. Lotilla, the pricing...
Lopez-led First Gen Corporation will be joining the fresh round of bidding that power utility giant Manila Electric Company (Meralco) will be undertake to fill the capacity void on its additional 2024 supply following the retreat of its targeted supplier. First Gen President and COO Francis Giles B....
