Shell Pilipinas Corporation has recorded a Php 4.1 billion net income in 2022, up six percent from the previous year amid high inflation, and fuel price volatility amid the Russia-Ukraine war. The...
The Department of Energy (DOE) has signed three offshore wind (OSW) contracts with Copenhagen Infrastructure New Markets Fund (CINMF), making it the first fully-foreign-owned company to invest in offshore wind developments in...
Department of Energy (DOE) Secretary Raphael Lotilla has urged the National Grid Corporation of the Philippines (NGCP) to file a motion of reconsideration after the Energy Regulatory Commission (ERC) denied its request...
The Manila Electric Co. (MERALCO) has signed an emergency power supply agreement (EPSA), this time with South Premiere Power Corporation (SPPC) for the 300 megawatts (MW) baseload capacity. The EPSA covers the...
The Manila Electric Co. (MERALCO) has established a new subsidiary focusing on transport service networks engaging in electric energy and other alternative energy sources. MERALCO said that its wholly-owned subsidiary, Movem Electric...
The National Grid Corporation of the Philippines (NGCP) has warned the public of possible power interruptions following the denial by the Energy Regulatory Commission (ERC) of its request for interim ancillary service...
Metro Pacific Investments Corporation (MPIC) will acquire 1.6 billion common shares of SP New Energy Corporation (SPNEC) worth Php 2 billion. The purchase of secondary shares of SPNEC gives MPIC the option...
The country was able to save 62.69 megawatts (MW) of power in observance of Earth Hour, a one-hour switch-off to help mitigate the effects of climate change, the Department of Energy (DOE)...
Citicore Renewable Energy Corp. (CREC) is expanding its AgroSolar initiative to its other solar farms in Luzon this year. First launched in its Citicore Solar Tarlac 2 project, CREC corporate affairs and...
Senator Sherwin Gatchalian called out the Energy Regulatory Commission (ERC) for “failing to efficiently regulate the distribution utilities and ensure affordable electricity rates for consumers.” In a recent Senate hearing by the...
