The country’s grip on foreign direct investment (FDIs) appears to be slipping rapidly in the downstream oil sector, with industry insiders drip-feeding intel that American energy giant Chevron Corporation is already laying the groundwork for a prospective strategic exit – and that’s signaling...
The Energy Regulatory Commission (ERC) has authorized five power developers to build, own, and operate their own point-to-point (P2P) limited transmission facilities. In a notice, ERC said these facilities will enable five power firms’ renewable energy (RE) projects to connect to the grid via the...
Senator Sherwin Gatchalian said on Saturday, June 21, that the government can release a ₱2.5-billion fuel subsidy fund to cushion the impact of rising oil prices on the transportation, agriculture, and fisheries sectors, with the Israel-Iran conflict driving up fuel costs. In an interview on...
The escalating tensions in the Middle East, which are expected to drive up fuel prices significantly, should prompt the Philippines to accelerate its transition to renewable energy (RE), according to a trade envoy. George Freeman, the United Kingdom’s (UK) trade envoy to the Philippines, said...
The Department of Energy (DOE) announced that the drilling operations in the Malampaya phase 4 project have commenced, following the arrival of a new drillship in offshore Palawan. In a statement on Friday, June 20, DOE Officer-in-Charge Sharon Garin, alongside officials of the Malampaya...
Senator Risa Hontiveros has urged the government to consider imposing mandatory repatriation of Filipinos from Israel and Iran as the conflict between the two countries continue. Hontiveros made the call even after President Ferdinand “Bongbong” Marcos Jr. thumbed down calls to enforce...
The Energy Regulatory Commission (ERC) announced that average generation rates charged by distribution utilities (DUs) decreased in May amid stable prices in the electricity spot market. Preliminary data from the ERC showed that the monthly average generation rate for the National Capital Region...
BRUSSELS, Belgium – The energy efficiency playbook of the Philippines is no longer just a local script, but it is a game plan already catching global attention, with the Department of Energy (DOE) flexing to the world the execution of policies that warranted the country’s initial gains on its...
As the country intensifies its shift to renewable energy, a recent power outage in Europe served as a cautionary tale, with a British clean energy firm suggesting that grid infrastructure, not just renewable capacity, is key for a stable power future. In an interview with Manila Bulletin, Naked...
As it aspires to increase the share of renewable energy (RE) in its power mix, the Philippines drastically improved its ranking to 76th out of 118 countries in the World Economic Forum’s (WEF) 2025 Energy Transition Index (ETI). This year’s jump is a reversal of the country’s slide to 105th...
Offshore wind investors from Spain, the United Kingdom, as well as other European countries are already storming out of the door when it comes to their targeted investments in the Philippines’ offshore wind sector, a highly placed source has affirmed. The source conveyed that “many European...
Ayala-led ACEN Corp. is offloading its diesel plants to fully embrace renewable energy (RE) into the company. In a disclosure to the Philippine Stock Exchange (PSE) on Tuesday, June 17, ACEN said it has sold its ownership of three diesel plants, located in the northern parts of Luzon, to AC Energy...
