A total of 8,977.1 megawatts (MW) have been committed or are expected to be added to the country’s generating capacity as of end-2020, based on data from the Department of Energy (DOE)....
After more than a year of waiting, the Department of Energy (DOE) has officially approved the sale of Chevron’s 45% share in the Malampaya gas-to-power project to Udenna Corporation of Davao-based magnate...
The country’s renewable energy (RE) capacity grew by 41.2% in the last decade, according to the International Renewable Energy Agency (IRENA). Based on the IRENA’s annual Renewable Energy Capacity Statistics 2021, the...
Petron Corporation has drafted a final offering for its planned issuance of United States (US) Dollar-denominated senior perpetual capital securities worth $550 million (Php26.7 billion) to settle its debts and to fund...
A total of 44 Energy Service Companies (ESCOs) have registered with the Department of Energy (DOE), the agency said. Based on a BusinessMirror report, Energy Usec. Jesus Cristino Posadas said the role...
The Manila Electric Company (MERALCO) is extending its no-disconnection policy until April 30 following the government’s decision to place Metro Manila and neighboring provinces under modified enhanced community quarantine (MECQ). MERALCO’s franchise...
Pilipinas Shell Petroleum Corporation (PSPC) eyes a rebound in sales volume and return to profitability again next year as it foresees the easing of the COVID-19 pandemic. PSPC president Cesar Romero hopes...
Lopez-led Energy Development Corp. (EDC) has allotted Php17 billion in capital expenditures (capex) this year for its growth projects and to ensure long-term development. Based on a report from The Philippine Star,...
The peak demand in Luzon and Visayas is expected to breach 12,000 megawatts (MW) in the next three month, according to the Independent Electricity Market Operator of the Philippines (IEMOP). Based on...
Customers of the Manila Electric Company (MERALCO) should indeed expect an increase in electricity bills for April as a result of higher rates in the Wholesale Electricity Spot Market (WESM), which in...
