The Department of Energy (DOE) will no longer issue “certificates of exemption” (COEs) on the competitive selection process (CSP) requirement for distribution utilities' (DUs) supply procurement underpinned by their power supply agreements. In an advisory issued on April 3 this year, Energy...
Leading clean energy provider First Gen Corporation and its geothermal subsidiary Energy Development Corporation (EDC) earned preeminent recognitions at the 8th Asia Integrated Reporting Awards (AIRA), one of the most prestigious award-giving bodies in the region. The company indicated that First...
US-headquartered Fluence Energy, Inc. has completed the 570-megawatt battery energy storage system (BESS) project for leading Philippine energy player SMC Global Power Holdings Corp. (SMCGP) of the San Miguel group. The company emphasized that the project’s completion milestone coincided with the...
The Department of Energy (DOE) is urging system operator National Grid Corporation of the Philippines (NGCP) to shorten its approval timeline for the system impact study (SIS) on power projects being developed in various parts of the country. According to Energy Undersecretary Sharon S. Garin, the...
The Energy Regulatory Commission (ERC) has kicked off its collaboration with the National Economic and Development Authority (NEDA) for the establishment of an electricity affordability index so Filipino consumers can fully track and be guided on the variation of the tariffs they have been paying...
After a respite, higher oil prices will be back at the pumps by Tuesday, April 11, with gasoline prices rising by P2.40 to P2.80 per liter, and diesel by P1.50 to P1.90 per liter, based on the calculation of the oil companies. For the price of kerosene, another commodity used by households and key...
Rising summer temperatures and threats of power service interruptions amid surging electric bills could really trigger disappointments among us as we yearn for a “more hopeful story” that can rescue us from these predicaments. On March 31 this year, a bit of that “hope” came to light with...
The Energy Regulatory Commission (ERC) has admitted weakness in investigating anti-competitive behavior, especially for company participants that are trading their generated capacities in the Wholesale Electricity Spot Market (WESM). Given this difficulty in its market policing power, ERC...
The Department of Energy (DOE) has formally issued the notice for the second green energy auction (GEA) in June this year, wherein it intends to offer 11,600 megawatts of renewable energy (RE) capacities to interested investors. The tendering process for the award of long-term power supply...
ACEN Corporation, the energy investment arm of the Ayala group, becomes the first energy company in Southeast Asia to have cemented its mid-century "net zero" pathway or the specific timelines to achieve targets for zero gas emissions emanating from its businesses or operations. According to ACEN...
The Energy Regulatory Commission (ERC) has set at 6,367,759 megawatts the maximum installed capacity a generation company (GenCo) can own and could dispatch nationwide to ensure market competition. The limit is based on the Electric Power Industry Reform Act (EPIRA), which provides the market share...
Government agencies are being urged to find remedies that could help cushion the oil price impact on consumers, especially the public transport sector, as petroleum products are anticipated to go back to their upward price trend. Senate Committee on Energy Vice Chairman Sherwin T. Gatchalian, noted...
