The Department of Energy (DOE) has laid down a policy that will guide the creation of an independent market operator (IMO) of the wholesale electricity market (WESM). The circular, Adopting Policies for...
The Philippine Electricity Market Corp. (PEMC) has will begin the transition plan for the creation of the independent market operator (IMO) that will take over the wholesale electricity spot market (WESM) by...
The Ayala Corp.’s energy business group has been recognized as the fastest growing energy platform by the International Finance Magazine in London. AC Energy was given recognition at the IFM Awards 2017...
Renewable energy company Solar Philippines has offered a P2.99 per kilowatt-hour (kwh) power rates to the Manila Electric Co. (Meralco), challenging First NatGas Power Corp.’s bid. The company has submitted an offer...
“[The] Philippines has matured into a market-driven industry.” That’s how energy industry players, both local and abroad, described the current state of the Philippine energy sector at the 6th Power Southeast Asian...
The Power Sector Assets and Liabilities Management Corp. (PSALM) slimmed down its financial liabilities to P466.2 billion in 2017. A 7.9 percent decrease from 2016’s P506.3 billion was recorded, as well as...
President Rodrigo Duterte was called to resolve the now frozen Energy Regulatory Commission (ERC) following the suspension of its four commissioners. The Philippine Independent Power Producers Association Inc. (PIPPA) sent a letter...
Japan is set to introduce a smart grid technology to electric cooperatives in the provinces to solve power outage problems. The National Electrification Administration teamed up with Japan International Cooperation Agency (JICA)...
Energy Secretary Alfonso Cusi wants all energy industry players to prepare measures that would mitigate potential impacts of disasters in power supply amid the recent eruption of the Mayon Volcano in Albay....
The PetroEnergy Resources Corp. (PERC) has raised around P758.3 million, completing its stock rights to expand its renewable energy business. The company disclosed that if offered 157.98 million shares to existing stockholders...
