The Department of Energy (DOE) will integrate cybersecurity in the planned modification of policy frameworks that shall underpin resiliency assessment and rating system for various power facilities in the country. Energy Undersecretary Felix William Fuentebella indicated that the energy resiliency...
Giant players in the domestic power industry will gear up for a new round of battle for their offers in the 400-megawatt capacity procurement of Manila Electric Company (Meralco) that will satiate mid-merit capacity in its supply portfolio. Listed as prospective bidders in Meralco’s competitive...
Senator Pia Cayetano expressed confidence in the efforts set next year to drill new gas wells that seek to prolong the life of the Malampaya gas project off Palawan province. Senator Pia Cayetano (Senate PRIB photo) During the interpellation of Senate Bill No. 2793 or the proposed Philippine...
Wildly gyrating oil prices will find their way back to increases at the pumps next week, based on the preliminary estimates of the oil companies. As crunched by the industry players, the price of gasoline products will likely rise by P0.45 to P0.85 per liter; while diesel prices will incur moderate...
Pangilinan-led PXP Energy Corporation has cemented tie-up with Australian and British firms for the bids it submitted for two petroleum blocks auctioned in the Sulu Sea basin by the Department of Energy (DOE) and the Ministry of Environment, Natural Resources and Energy (MENRE) of the Bangsamoro...
The integration of energy storage system in the forthcoming batch of renewable energy (RE) capacity auction will hike estimated reserve prices by P5.00 to P6.00 per kilowatt hour (kWh), according to the Department of Energy. Energy Undersecretary Rowena Cristina Guevara told reporters that the...
Hopes are raised for prospective discovery of new oil and gas resources in the country as well as for trailblazing native hydrogen ventures, with the eight qualified offers cornered by the Department of Energy (DOE) during an auction round concluded this week. In a statement to the media, the...
The Philippine government, through a proposal from the Department of Energy (DoE), will be seeking P10 billion worth of funding to bankroll energy efficiency initiatives being mandated for state-run entities. In an interview with reporters, Energy Undersecretary Felix William B. Fuentebella...
Ayala-led ACEN Corporation and its offshore partner firm PT Barito Renewables Energy Tbk (Barito Renewables) are poised to accelerate the commercial development of wind farm projects with 320-megawatt aggregate capacity across three project-sites in Indonesia. In a statement to the media, the...
With additional revenues to be drawn from geothermal assets that are coming on commercial stream, Lopez-led First Gen Corporation is expecting overall profit boost this year, according to a top executive of the company. First President and COO Francis Giles B. Puno indicated that at least 83...
While many Philippine corporates are just riding the green energy wave with empty rhetoric and some have been merely using "net zero pledges" as superficial propaganda tool in their business playbook, the genuinely serious ones are promising to re-assess commitments with concrete baselines and...
The Energy Regulatory Commission (ERC) has firmly laid down that longstop date provision in power supply agreements (PSAs) will no longer be accepted downright as ground for unilateral contract pre-termination; and the allowable timeframe for regulatory approval shall also be within 270 days or at...
