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...
Three energy giants are establishing a joint deal for the country’s first and largest liquefied natural gas (LNG) facility in Batangas province, valued at Php 184.89 billion. MERALCO PowerGen Corporation (MGen), San...
Government-operated Maharlika Investment Corporation (MIC) is aiming to secure Php 56 billion in its initial fundraising activity to back energy projects through partnerships with other sovereign wealth funds (SWF) and venture capitals. ...
Singapore-based renewable energy (RE) developer, Vena Energy, has affirmed its continued support of the government’s goals for renewable energy. Vena Energy asserted its optimism about the country’s RE strategies, including Renewable Portfolio...
The National Grid Corporation of the Philippines (NGCP) has been called upon by the Department of Information and Communications Technology (DICT) to aid in the acceleration of the department’s National Fiber Backbone...
