Consumers filling up their vehicles with diesel products will get to be lucky next week as the price of this commodity will see between P0.40 to P0.70 per liter rollback, based on the calculation of the oil companies. For RON92 gasoline products, estimates portend a very slight reduction of P0.05 to...
New coal power plant projects in the Philippines had been on steep decline since the issuance of a moratorium by the Department of Energy in 2020, according to advocacy group Global Energy Monitor. “Coal plant proposals in the Philippines have been rapidly shrinking since the 2020 moratorium on...
Harnessing power from renewable energy (RE) through the government’s Green Energy Option Program (GEOP) reduces at least 10 percent of electricity costs and advances the sustainability goals of businesses in the country. This was revealed by representatives of Globe Telecom, Inc. and Arthaland...
At least 2.6 million customers of Manila Electric Company (Meralco) will continue to receive discounts in their electric bills as mandated under Republic Act 11552 or the Extended Lifeline Rate Act. According to Meralco Vice President Lawrence S. Fernandez, the total amount of rate discounts to...
Razon-led Prime Infrastructure Capital Inc. has partnered with Chinese firm PowerChina B7 Philippines Corp. (PowerChina) for the commercial development of its 140-megawatt solar farm project in Tanauan, Batangas and Marogondon, Cavite. That project serves as an expansion of the 100MW solar...
The Energy Regulatory Commission (ERC) will be revising the rules that will set reliability indices for power plant operations, primarily their permissible allowance on planned and forced outages. According to ERC Chairperson Monalisa C. Dimalanta, the existing reliability index is “very...
Spanish and Japanese companies are seriously considering investing in renewable energy in the country, primarily offshore wind projects, according to a source from the Department of Energy. The source indicated that the Spanish company is a new entrant in the Philippine power sector and its...
The Philippines and the United States (US) will advance partnerships and exchanges on varied issues involving economic and environmental security, chief among them are public health emergency resiliency, virology and vaccines, renewably energy, marine protection, and food security. Philippine and...
Ayala-led ACEN Corporation and its partner-firms have signed financial agreement with Asian Development Bank (ADB) and other lenders for their 600-megawatt Monsoon wind farm project estimated to cost over $1 billion in Sekong and Attapeu provinces in Laos. According to ACEN, ADB is the lead arranger...
The Department of Energy (DOE) will no longer issue “certificates of exemption” (COEs) on the competitive selection process (CSP) requirement for distribution utilities' (DUs) supply procurement underpinned by their power supply agreements. In an advisory issued on April 3 this year, Energy...
Leading clean energy provider First Gen Corporation and its geothermal subsidiary Energy Development Corporation (EDC) earned preeminent recognitions at the 8th Asia Integrated Reporting Awards (AIRA), one of the most prestigious award-giving bodies in the region. The company indicated that First...
US-headquartered Fluence Energy, Inc. has completed the 570-megawatt battery energy storage system (BESS) project for leading Philippine energy player SMC Global Power Holdings Corp. (SMCGP) of the San Miguel group. The company emphasized that the project’s completion milestone coincided with the...
