President Ferdinand "Bongbong" Marcos Jr. is seeing enhanced partnerships with Chile and Qatar in various areas of cooperation as he welcomed the two countries’ new ambassadors to the Philippines on Thursday, March 23. In welcoming Chilean Ambassador Alvaro Domingo Jara Bucarey at Malacañang,...
The Energy Regulatory Commission (ERC) said it will weigh the rate impact as well as implications on next year’s supply of the terminated power supply agreements (PSAs) between power utility giant Manila Electric Company (Meralco) and the subsidiaries of SMC Global Power Holdings Corporation of...
The Department of Energy (DOE) is giving guarantee to the grid integration of more than 13,000 megawatts of new renewable energy (RE) capacities to be on commercial stream in the next three years. That had been the assurance given by Energy Undersecretary Rowena Cristina L. Guevara when she laid...
Power utility giant Manila Electric Company (Meralco) divulged that it received new offers for one-year contract to cover 670 megawatts of capacity that will replace the cheaper fixed price contract of the Ilijan gas-fired power plant of South Premiere Power Corporation (SPPC) of the San Miguel...
A spike in the secondary price cap for the Wholesale Electricity Spot Market (WESM) to the tune of P10,000 to P15,000 per megawatt hour (MWh) - or equivalent P10-P15 per kilowatt hour) - has been proposed by the generation companies (GenCos) to the Energy Regulatory Commission (ERC), according to...
If Ilocos Norte 1st district Rep. Sandro Marcos would have his way, he would have all government offices use solar energy as a way to reduce dependence on fossil fuels. For this purpose, Marcos filed last March 15 House Bill (HB) No.7625, titled, "The Solar Energy in National Government Offices...
The Energy Regulatory Commission (ERC) is seriously considering the establishment of ‘rate affordability tracker,’ so the Filipino consumers can be apprised on the measures as well as policy developments being pursued by the government and industry players on bringing down electricity tariffs in...
“Hope for the best, prepare for the worst” said Energy Secretary Raphael P.M. Lotilla against the backdrop of threatening power service interruptions due to insufficient power supply and oil price spikes that will be reflected in the electric bills of consumers during the summer months. With...
Work and leisure travels will come easier in the pockets of consumers next week, as domestic pump prices will be on hefty rollback by Tuesday (March 21), based on the estimates of the oil companies. As calculated by the industry players, the price of diesel products will be slashed by P1.80 to P2.20...
The energy subsidiaries of diversified conglomerate San Miguel Corporation (SMC) have terminated two power supply agreements (PSAs) with utility giant Manila Electric Company (Meralco), crashing hopes of at least 1,800 megawatts in critical power capacity additions by next year until 2025. In an...
The Department of Energy (DOE) is eyeing the acceleration of electric vehicles (EVs) rollout that will top 6.3 million by 2040; and that shall account for half of all vehicles plying Philippine thoroughfares by then, versus those powered by internal combustion engines. The advancement of electric...
The Energy Regulatory Commission (ERC) indicated that it will be studying the probable rate hikes or cost impact that consumers will have to brace for; once all the gas sale and purchase agreements (GSPAs) for the Malampaya gas field project will expire by next year. ERC Chairperson Monalisa C....
