The Philippines faces mounting economic and financial risks from climate change, with projected losses reaching as much as 13 percent of gross domestic product (GDP) by 2040 unless the country urgently scales up climate financing and aligns adaptation and mitigation efforts, according to state-run...
Intensifying geopolitical tensions in the Middle East have prompted Aboitiz Power Corp. (AboitizPower) to reinforce its strategic shift toward domestic renewable energy (RE) and implement stringent fuel procurement stress testing to protect consumers from potential supply disruptions and global...
The Department of Energy (DOE) expects a stable power supply through May even as the Luzon grid recently teetered on the edge of a shortage, provided the nation’s aging thermal power plants remain operational during the peak of the dry season. Energy Undersecretary Rowena Guevara said on Monday,...
ACEN Corp., the renewable energy arm of the Ayala group, warned that a strategy relying exclusively on green energy may be insufficient to safeguard the country against surging summer demand and volatile electricity prices. Speaking at a media briefing, Eric Francia, ACEN president, said that while...
The Philippines faces a surge in demand for cooling systems as temperatures climb, yet persistent policy gaps and a heavy reliance on coal threaten to undermine the nation’s energy security and climate targets, according to the ASEAN Centre for Energy (ACE). The country’s power grid, already...
With Filipino consumers already reeling from punishing summer power bills, it’s time to confront an uncomfortable truth: the ₱0.0371/kWh GEA-All charge surreptitiously embedded in electricity rates is not anchored on solid statutory footing under Republic Act 9136 (EPIRA) or the Renewable...
President Marcos said government work will not stop despite the ongoing energy crisis, stressing that public service must continue across all sectors. “Kahit mabigat ang krisis natin sa enerhiya, ang trabaho ng gobyerno ay hindi maaaring doon lang tumigil (Even if the energy crisis is heavy, the...
CEBU CITY – To address growing demand, a leading renewable energy (RE) provider is expanding their footprint in Cebu. Officials of First Gen Corp. said they are ramping up their electricity supply business and clean energy solutions in the province where they currently serve 79 customers,...
ILOILO CITY – SM Development Corp. (SMDC) launched its first solar energy system in the Visayas at Style Residences here during Earth Day on April 22. The system is seen to reduce energy consumption by 15 percent and used to satisfy electricity requirements, including lighting and shared...
Solar energy is no longer a distant concept in the Philippines. It is an increasingly viable, working solution to today’s energy challenges. As demand continues to rise and pressure on the grid becomes more apparent, renewable energy has moved from discussion to deployment, with institutions...
San Miguel Global Power Holdings Corp., the energy unit led by billionaire Ramon Ang, has deployed ₱4.5 billion from its latest bond proceeds to accelerate the rollout of renewable energy projects in country. In a regulatory filing with the Philippine Dealing System Holdings, the company said...
The Governance Commission for Government-Owned or Controlled Corporations (GCG) has directed all state-run firms to implement necessary response measures to help mitigate the impact of the ongoing crisis. GCG “directs all concerned departments, agencies, offices and instrumentalities, including...
