The Energy Regulatory Commission has granted the plea of power utility giant Manila Electric Company (Meralco) and its affiliate-firm Panay Energy Development Corporation (PEDC) on their contract price adjustment. In tandem with that ruling of the Commission had also been the approval on a...
The Department of Energy (DOE) is planning to re-calibrate the country’s power mix by opting to retire coal-fired power facilities at the scale of 5,000 megawatts in the medium term. According to Michael Sinocruz, director of the DOE’s Energy Policy and Planning Bureau, that has been one of the...
The Securities and Exchange Commission (SEC) has approved the direct public offering (DPO) of Pacerm-1 Energy Corporation which is selling a 15 percent stake to investors in compliance with the requirements of the Electric Power Industry Reform Act. Pacerm-1 Energy operates a diesel power plant in...
The Department of Energy (DOE) has been swamped with questions as well as dissent from various quarters on its plan to enforce a policy that will mandate distribution utilities (DUs), primarily those in the Luzon grid, to procure prescribed percentage of their supply from gas-fired power...
Foreign investors in the offshore wind industry are being perturbed with another round of policy uncertainty being thrown their way – this time, it is on the plan of the Department of Environment and Natural Resources (DENR) to enforce "seabed lease" for them to secure rights for ocean floor or...
Accelerating patronage and purchases of electric vehicles (EVs) by consumers will serve as the ultimate stimulus to wider investments on the rollout of commercial-scale EV charging facilities in the country, according to Manila Electric Co. (Meralco) Chairman and CEO Manuel V. Pangilinan. “We...
Power utility giant Manila Electric Company (Meralco) is leading the race on compliance to the Renewable Portfolio Standards (RPS) with 1,880 megawatts of contracted renewable energy (RE) already secured in its supply portfolio. The power firm indicated that it was able to surpass its initial...
The development of the country’s power grid network is still saddled with as much as P346.1 billion worth of unsettled right-of-way (ROW) claims, according to a top executive of the National Transmission Corporation (TransCo), the owner of the country’s power transmission assets. TransCo OIC...
The purchasing power of Filipino motorists will be on another round of assault, as pump prices are expected to rise again at the gasoline stations next week, based on the calculation of the oil companies. According to the industry players, the price of gasoline will rise by P0.10 to P0.50 per...
The Department of Energy (DOE) will be issuing guidelines for the "opt-in mechanism" of industry participants on procuring percentage of their required renewable energy-generated supply from a pool of government-awarded RE capacity under the green energy auction program (GEAP). In a draft Circular...
State-run Philippine National Oil Company- Exploration Corporation (PNOC-EC) has indicated to Congress that it is preparing for the drilling of two new wells at the Malampaya gas field in 2025. PNOC-EC Manager for Planning and Budget Department Alexis Dela Torre stated that the consortium-members...
The Department of Energy (DOE) is engaging the relevant industry stakeholders so they can contribute insights and inputs in the updating of the Philippine Energy Plan (PEP) 2030-2050. The energy department advised that the Luzon leg of its information, education and communication (IEC) campaign on...
