As the National Teachers College (NTC) commemorates its near century-long dedication to education, the institution takes another pioneering step toward a sustainable future by transitioning to 100 percent renewable energy. This significant achievement was made possible through a strategic...
As tropical storm Aghon exits the country, the Department of Energy (DOE) said it is coordinating power restoration efforts, specifically the repair of power lines. In an interview with PTV on Tuesday, May 28, Energy Assistant Secretary Mario Marasigan clarified that the storm did not cause any...
Around eight power plants have shut down due to the onset of Tropical Storm Aghon, which may trigger a red alert next week, according to the Department of Energy (DOE). The energy department recorded a total of 26 plants that have currently gone to a forced outage. In a briefing on Monday, May 27,...
Sen. Sherwin Gatchalian said that Manila Electric Company's (Meralco) franchise renewal will allow scrutiny of the giant utility’s performance. “These franchise renewals, my view always is that we have to use this opportunity to review the performance of the grantee. And that's a good way of...
The Energy Regulatory Commission (ERC) has directed the suspension of the Wholesale Electricity Spot Market (WESM) for the Luzon Region effective Monday afternoon, May 27, due to insufficient generation capacity in the grid. In a statement, ERC said the decision to suspend WESM operations followed...
The Manila Electric Co. (Meralco) has officially initiated the bidding process to procure 500 megawatts (MW) of renewable energy capacity. In a statement, Meralco said this move is in compliance with the government's renewable energy standards and reflects its commitment to enhance reliance...
The Maharlika Investment Corp. (MIC), the agency that manages the sovereignty wealth fund, said it will focus its investments on energy transmission lines across regions. MIC President and Chief Executive Officer Rafael D. Consing Jr., said that there are already many investments in generation and...
An official from the Department of Energy (DOE) has reported a better power situation in Luzon due to improved stability in the region's electricity supply. Energy Assistant Secretary Mario C. Marasigan told reporters on Friday, May 24, that the power outage was reduced to 1,600 megawatts while the...
The onslaught of bad news is coming endless for consumers, as another wave of financial pain will further squeeze their pockets with anticipated price hikes at the gas pumps next week. According to the oil companies, the price of gasoline products will rise by P0.45 to P0.85 per liter; while diesel...
It was another round of ‘madness’ for millions of Filipino consumers before the strike of midnight on Thursday (May 23), as most parts of Luzon grid had been tormented with one to 1.5-hour rotational brownouts. In the franchise area of Manila Electric Company (Meralco) alone, more than 487,000...
Senator Sherwin Gatchalian on Friday, May 24 took the Department of Energy (DOE) and the Energy Regulatory Commission (ERC) to task in penalizing power-generating plants that may have breached their reliability index. Gatchalian’s call came in the face of looming rotating power outages,...
Solar power firm Citicore Renewable Energy Corporation (CREC) has pegged its initial public offering (IPO) price at P2.70 per share for a total offering size of P5.3 billion. In its final offering prospectus, CREC said the offer price was determined based on a book building process and discussions...
