The Energy Regulatory Commission (ERC) has greenlighted additional capacity to the power supply agreement (PSA) between Manila Electric Co. (Meralco), led by Manuel V. Pangilinan, and San Miguel Corp. (SMC)-led South Premiere Power Corp. (SPPC). In a notice, the ERC said Meralco was granted...
Could this be a case of “better to laugh with the sinners than weep with the saints?” Too bad for consumers—no laughter here, only swelling bills and bitter tears! Back in November 2022, the Energy Regulatory Commission (ERC) slammed the door on the ₱5.2-billion rate hike plea of SMC Global...
The Energy Regulatory Commission (ERC) is currently evaluating SMC Global Power Holdings Corp.’s (SMGP) request to recover costs from consumers. In an ambush interview with ERC Chairperson Monalisa Dimalanta on the sidelines of the Energy Efficiency Day 2025, she shared that SMGP had filed a...
The Department of Energy (DOE) has issued system impact studies (SIS) to 12 energy projects in February. The DOE is set to endorse these projects to the National Grid Corporation of the Philippines (NGCP) to assess whether the power grid can accommodate the additional capacity. If not, NGCP will...
French firm TotalEnergies has confirmed the sale of its downstream oil retail network to Filoil Corp. of businessman Raffy Villavicencio, but it indicated that it will continue its fuel trading activities as well as planned foray into renewable energy (RE) investments. “TotalEnergies completed...
Renewable energy (RE) infrastructure, particularly those focused on transmission and distribution, is poised to be the country’s most lucrative investment magnet in the near future. HSBC Hong Kong Global Financing Solutions Director Max Thomas had this to say, as he noted that the...
The Department of Energy (DOE) has announced that the Philippine Energy Plan (PEP) will not be revised this year, despite ongoing efforts to advance energy development and enhance security and reliability. On the sidelines of PhilEnergy Expo 2025, Michael Sinocruz, director of the DOE’s energy...
Basic Energy Corp. (BEC) has received a certificate of authority (COA) from the Department of Energy (DOE) for its Mariveles solar power plant, enabling expedited permit processing and procurement activities. In a disclosure to the Philippine Stock Exchange on Wednesday, March 19, BEC stated that...
The Energy Regulatory Commission (ERC) has urged consumers and other industry players to be cautious of fake ERC seals, stickers, and false meter test reports. In a statement, the ERC noted that some electric meters are being sold in physical and online stores without its approval, while some of...
Yuchengco-led PetroGreen Energy Corp. (PGEC) reported that its subsidiary BKS Green Energy Corp. is set to bring additional renewable energy (RE) to the Luzon grid by breaking ground on its solar project in Isabela. In a disclosure to the Philippine Stock Exchange on Tuesday, March 18, PGEC said...
The Energy Regulatory Commission (ERC) has released the initial setting of the installed generating capacity (IGC) and the market share limitation (MSL) per grid and national grid for this year as a way to promote free and fair competition in the power industry. In a statement on Monday, March 17,...
MGen Renewable Energy Inc. (MGreen), through its subsidiary unit SP New Energy Corp. (SPNEC), announced that Singapore-based Actis Rubyred Pte. Ltd. has closed its investment stake in Terra Solar Philippines Inc. In a statement on Monday, March 17, Meralco PowerGen Corp. (MGen) reported that...
