Renewable power pioneer Alternergy Holdings Corp. has secured a green corporate loan to continue constructing its renewable power projects for 2024. Alternergy announced on Wednesday, May 8, that it will have a P4 billion green corporate loan to be utilized for projects like the Tanay and Alabat...
Pangilinan-led SP New Energy Corp (SPNEC) is targeting to conclude sell-down of up to 40% of its shareholdings to foreign firms that will be willing to infuse capital into its 3,500-megawatt Terra Solar power project to be integrated with 4,500-megawatt hours (MWh) of energy storage system....
(Unsplash) Sta. Rosa City lone district Rep. Dan Fernandez is prodding the Energy Regulatory Commission (ERC) to withhold action on power supply agreements (PSA) between the Manila Electric Co. (Meralco) and two generating firms pending final...
The coal moratorium enforced in 2020 which sculpted the entry of more renewable energy (RE) investments remains as a non-negotiable policy stance to former Energy Secretary Alfonso G. Cusi if he will have his way, because that had drawn the line in the sand for the country’s greener future. In a...
Consumers’ trip to the petroleum pumps will be less painful this week, as the oil companies implemented relatively significant rollback in prices. Based on the pricing adjustment notices of the industry players, the price of diesel products will be trimmed by P0.90 per liter, gasoline by P0.75...
Consumers will still feel the deepest financial pain triggered by surging electricity rates due to simultaneous plant outages in the past two weeks, but the Department of Energy (DOE) is urging the distribution utilities (DUs) to tap palliative interest-bearing loan from the Land Bank of the...
President Marcos has urged electricity distribution utilities to tap the Anti Bill Shock Lending Program of the Land Bank of the Philippines to ensure that electricity rates are affordable. Marcos made the directive to the Department of Energy (DOE) and the Energy Regulatory Commission (ERC)....
The Philippines was ranked third among countries that made huge progress in implementing renewable energy initiatives, according to research from the Ocean Science and Technology. The study reported that the country had an overall rank of 81.31 among 81 countries, only next to Chile and China which...
The Department of Energy (DOE) will be rescinding its order mandating the conduct of joint competitive selection process (CSP) for the electric cooperatives (ECs) in their aggregated procurement of capacities from gas-fired power facilities. According to Energy Undersecretary Sharon S. Garin,...
With high anticipation that electric bills will drastically spike during the summer months, the Energy Regulatory Commission (ERC) sounded off this early that it will prod the private distribution utilities (DUs) and electric cooperatives (ECs) on staggered billing on the resulting radical rate...
President Marcos said that the Energy Regulatory Commission (ERC) has temporarily suspended the operation of the Wholesale Electricity Spot Market (WESM) under the declaration of red alert of the systems operator National Grid Corporation of the Philippines (NGCP) to tame the increase of...
The Energy Regulatory Commission (ERC) has ordered suspension of the Wholesale Electricity Spot Market (WESM) - but only after two weeks from the incursion of yellow and red alerts in the Luzon and Visayas grids, hence, consumers are being warned of forthcoming bill shocks. Referencing on data...
