BUTUAN CITY – The local government unit of Pilar in Siargao Islands has canceled this year 's 16th International Game Fishing Tournament, citing the ongoing energy crisis in the country. The annual event, drawing anglers from across the Philippines and abroad, was originally scheduled from...
Citicore Renewable Energy Corp. (CREC) is ramping up its solar capacity as it adds nearly 70 megawatt-peak (MWp) to its portfolio. In a statement on Tuesday, March 31, CREC announced that it has energized its 69-MWp Citicore Solar Negros Occidental 2 solar power plant, which will contribute...
The Marcos administration has secured commitments from five nations to bolster its fuel inventory, with the Department of Energy (DOE) preparing to import more than one million barrels of diesel this April to shield the economy from global market volatility. In a briefing late Monday, March 30,...
Renewable energy (RE) firm Citicore Renewable Energy Corp. (CREC) delivered solid financial and operational growth in 2025 as it expanded its solar portfolio and optimized its capital structure. In a disclosure to the Philippine Stock Exchange (PSE) on Monday, March 30, CREC reported a net income...
Malacañang has ordered all government agencies to implement sweeping energy-saving measures, mandating reductions in electricity and fuel consumption as the country grapples with rising oil prices. Executive Secretary Ralph Recto said that the directive, issued by President Marcos on Monday, March...
Meralco PowerGen Corp. (MGen) has commenced the initial dispatch of electricity from its Terra Solar development, injecting much-needed capacity into the Philippine grid as the government moves to insulate the domestic economy from volatile global fuel markets. In a statement on Monday, March 30,...
For Filipino consumers, it is a crippling puzzle: why are we hammered with over 100 percent cumulative oil price hikes while the rest of the world experiences only 40 percent to 60 percent increases for the same black gold? The answer is a toxic mix of heavy taxes, high import dependence, global...
Emerging Power Inc. (EPI), the renewable energy unit of Nickel Asia Corp., is accelerating the development of solar projects in Leyte and Zambales amid volatility in global fuel markets, driving the push for indigenous energy sources. Joseph Fernandez, EPI president and chief executive officer,...
KALIBO, Aklan – The Iloilo City government has created a crisis management council to address major economic and social concerns from the impact of the energy crisis caused by the ongoing conflict in the Middle East. Mayor Raisa Treñas established the council in Executive Order No. 035-2026 to...
When Atty. Francis Saturnino “Nino” Juan took the helm of the Energy Regulatory Commission (ERC) in August 2025, he inherited an agency choked by years of delays. Its credibility was so bruised that power sector stakeholders approached progress not with hope, but with hardened, deliberately...
The Philippine economy, long a darling of emerging market growth, is shifting into a defensive war footing. As Brent crude flirts with atmospheric heights and the Middle East conflict continues to choke the Strait of Hormuz—the world’s most vital energy artery—President Ferdinand Marcos Jr....
The 142,000 barrels (approximately 22.578 million liters) of diesel fuel scheduled to be formally received by Energy Secretary Sharon Garin this weekend will be unloaded at the bulk storage facility of independent player Seaoil Philippines in Mabini, Batangas, a government source privy to the...
