The Department of Energy (DOE) has expressed support for the ruling of the Supreme Court (SC) regarding Republic Act No. 8479 or the Downstream Oil Industry Deregulation Act of 1998. Earlier, the...
Senate Bill No. 2247, or “An act promoting the development of the Philippine downstream natural gas industry,”, which aims to reduce electricity costs as well as generate employment opportunities in the country,...
Due to the increase in the sales of jet fuel and liquefied petroleum gas (LPG), Petron Corporation saw an increase in profit to Php 10.1 billion in 2023. Manila Bulletin reported that...
The Supreme Court (SC) has ruled that the Department of Energy (DOE) has the power to seize control over operations in the oil industry, under the president’s directive, should an emergency happen. ...
Generation companies (GenCos) have advocated for the elimination of the Php 6.245 per kilowatt hour (kWH) secondary price cap in the Wholesale Electricity Spot Market (WESM). GenCos argued that the cap merely...
Manila Electric Company’s (MERALCO) local retail electricity supplier, MPower, has procured the deal to contribute 100 megawatts (MW) of renewable energy (RE) capacity to Alliance Global Group, Inc. (AGI) through companies Newport...
Aboitiz Power Corporation believes that liquefied natural gas (LNG), as a transition fuel, will complement solar and wind power generation, which can help maintain stable supply in the power system. “We are...
SP New Energy Corp. (SPNEC) has put plans in motion to bring in more investors for the Terra Solar development in Nueva Ecija and Bulacan. The Pangilinan-led solar power firm is looking...
The Department of Energy (DOE) has said that relief from the Panay power crisis is less than a month away along with the completion of the Cebu-Negros-Panay (CNP) transmission upgrade expected by...
The Board of Investments (BOI) is keeping tabs on the rush of investments in the renewable energy (RE) sector, amounting to Php 2 trillion. In a report by the Philippine Star, BOI...
