The Philippines remains energy insecure as its growing dependence on Middle Eastern crude oil and tightening power reserves leave the country increasingly vulnerable to global fuel supply disruptions as well as power supply risks, according to state-run think tank Philippine Institute for...
The Energy Regulatory Commission (ERC) is preparing to penalize power generation companies in Visayas whose prolonged plant shutdowns have triggered persistent yellow grid alerts and threatened the regional power supply. ERC Chairperson Francis Saturnino Juan said in an interview last week that the...
The Philippines has secured approval for a new grant from the United States (US) aid arm Millennium Challenge Corp. (MCC) to support energy-sector reforms, providing a fresh boost to the Marcos Jr. administration’s efforts to strengthen energy security while the country remains under a state of...
The National Grid Corporation of the Philippines (NGCP) said it will actively evaluate new regulatory guidelines that strip away its exclusive control over building the country’s power lines, aiming to protect the legal and operational framework of the national transmission network. The privately...
Amid a prolonged global oil crisis, the Philippines is poised to secure fresh grant and loan financing from bilateral as well as multilateral partners to support power-sector reforms and the transition to more renewable energy (RE) sources. United States (US) aid agency Millennium Challenge Corp....
The Philippines is set to secure another $1-billion loan from the World Bank in June, this time for an energy project follow-through and coupled with a $20-million grant, making the package the largest single financing commitment extended to the country by the Washington-based multilateral lender....
Twenty-five years after the Electric Power Industry Reform Act (EPIRA) restructured the country’s electricity sector, government and industry players are expected to raise a toast to “market liberalization” as a success story. Whether consumers feel just as energized, however, is another...
The Energy Regulatory Commission (ERC) has imposed new limits on the maximum market share power generation companies can control in the country’s regional and national grids, part of its regulatory push to curb monopolies and foster competition in the sector. The ERC updated the installed...
Recent rotational brownouts in Luzon have highlighted the urgent need to modernize the country’s aging power grid, with state-run policy think tank Philippine Institute for Development Studies (PIDS) warning that transmission bottlenecks and delayed infrastructure projects are increasingly...
The United States (US) government’s Millennium Challenge Corp. (MCC) has earmarked a $60-million grant for the Philippines focused on the energy sector. Documents discussed during the US aid agency’s economic advisory council meeting last month, which were made public last week, showed that the...
Manila Electric Co. (Meralco) has asked regulators for permission to cap an expected spike in electricity rates this month to shield households from surging generation costs and a weakening currency. In a proposal submitted to the Energy Regulatory Commission (ERC), the country’s largest power...
The Energy Regulatory Commission (ERC) has ordered a nationwide temporary suspension of power disconnections to preserve electricity access during a declared State of National Energy Emergency and shielding consumers from immediate service cuts. In a newly issued advisory, the country’s energy...
