Lopez-led Energy Development Corp. (EDC) is planning to invest ₱13 billion to expand its geothermal energy portfolio as part of its ongoing efforts to scale up renewable energy capacity. In an interview with EDC President and Chief Operating Officer Jerome Cainglet, he explained that the company...
Lopez-led First Gen Corp. (FGen) is urging the government to accelerate the rollout of renewable energy (RE) projects to reduce the nation 's heavy reliance on coal. Speaking at the 3rd Philippine Renewable Energy Conference, FGen President Francis Giles Puno said that coal-fired power still...
Motorists could see relief at the pump next week, as rising oil supply is set to push fuel prices down. Based on the four-day Mean of Platts Singapore (MOPS) and the foreign exchange average, gasoline may see a potential decline of ₱0.25 to ₱0.60 per liter, while diesel could see a ₱1.25 to...
The new chief of the Energy Regulatory Commission (ERC) has vowed to streamline the lengthy rate reset processes and tariff reviews that have burdened distribution utilities for a decade. In his welcome speech during a leadership turnover on Thursday, Aug. 7, ERC Chairperson Francis Saturnino Juan...
Renewable energy (RE) developer Citicore Renewable Energy Corp. (CREC) announced that it has secured a loan from Security Bank Capital Investment Corp. for its solar project in Pangasinan. In a disclosure to the Philippine Stock Exchange on Thursday, Aug. 7, CREC said it signed a project finance...
Manuel V. Pangilinan-led Manila Electric Company (Meralco) has partnered with the Energy Regulatory Commission (ERC) and the Quezon City local government unit (LGU) to launch a joint initiative aimed at advancing the greater use of renewable energy (RE) sources in the metropolitan area....
To fully integrate solar energy into government facilities, the Department of Energy (DOE) is seeking a strong partnership with the private sector. Energy Undersecretary Felix Fuentebella stated on Wednesday, Aug. 6, that private institutions are needed to achieve the full installation of solar...
Executives from Meralco PowerGen Corporation (MGEN) and ACWA Power paid a courtesy call on President Ferdinand R. Marcos Jr. at Malacañang Palace to present their joint strategy for advancing utility-scale renewable energy development in the Philippines. The visit follows the recent signing of a...
Following a series of yellow alerts on the Visayas grid, the Department of Energy (DOE) is urging power plant operators to restore their facilities immediately. Energy Secretary Sharon Garin stated on Tuesday, August 5, that she has directed Undersecretary Mario Marasigan to investigate the forced...
The Energy Regulatory Commission (ERC) has issued a show-cause order against South Premiere Power Corp. (SPPC) for alleged anti-competitive behavior related to the operation of the Ilijan Power Plant in June 2022. In a statement on Tuesday, Aug. 5, the ERC said it acted on a recommendation from the...
The 2,000-megawatt (MW) offshore wind (OSW) project of Yuchengco-led Buhawind Energy Northern Luzon Corp. (BENLC) is gaining traction, following its recent approval for interconnection to the national grid. In a disclosure to the Philippine Stock Exchange (PSE) on Tuesday, Aug. 5, BENLC announced...
Renewable energy (RE) firm Alternergy Holdings Corp.’s wind unit has been granted a regulatory go-signal to link the 64-megawatt (MW) Alabat wind power project in Quezon province to the Luzon grid. In a statement on Monday, Aug. 4, Alternergy announced that the Energy Regulatory Commission (ERC)...
