DOE moves to create PHL strategic petroleum reserve
The Department of Energy (DOE) has moved to lessen the country’s dependence on imported crude oil and finished…
‘PHL must tap renewable energy sources’
Energy industry stakeholders said decisive action is key to making the Philippines energy independent and resilient. During the…
EEI Energy bags power supply deals
EEI Energy Solutions Corp. (EEI Energy), the electricity arm of EEI Corp. of the Yuchengco Group, inked retail…
AC Energy: Govt must set tougher rules for GEAP
AC Energy Corp. wants the rules for the Green Energy Auction Program (GEAP) to be “stringent” and, at…
Oil firms to hike gas, diesel, kerosene pump prices 6 a.m. Tuesday, September 21
ANOTHER round of oil-price increase is set to take effect this week. In separate announcements, oil firms said…
AboitizPower to offer ₧12B in fixed-rate retail bonds
The board of Aboitiz Power Corp. has approved the company’s issuance of up to P12 billion in fixed-rate…
Firms vow to go carbon neutral
A group of companies that have committed to take immediate action toward achieving carbon neutrality on Monday forged…
As inflation bites, oil, power firms eye ways to ease public woes
AFTER inflation spiked to 4.9 percent last month, stakeholders in the energy sector are reassessing how they could…
Aboitiz to focus on floating solar projects in Isabela
Aboitiz Power Corp., the largest owner and operator of renewable energy projects in the Philippines, has ruled out…
Debt-laden PSALM’s asset in Pampanga eyed by 2 firms
TWO companies are interested to bid for the Power Sector Assets and Liabilities Management Corp.’s (PSALM) property in…
San Miguel unit issues $150-M securities
The power unit of conglomerate San Miguel Corp. (SMC), SMC Global Power Holdings Corp. (SMCGP), issued $150 million…
Aboitiz unit completes plant repair
The construction arm of the Aboitiz Group has completed maintenance and shutdown works for Unit 2 (105MW) of…
PLDT to add EVs to fleet
TelecommuniCations giant Philippine Long Distance Telephone Co. (PLDT) will start utilizing environment-friendly electric vehicles (EV) to augment its…
PSALM keen on drawing more gas from Malampaya
THE Power Sector Assets and Liabilities Management Corp. (PSALM) is pursuing plans to increase the amount of gas…
Government prepares for gas field shutdown
The Department of Energy (DOE) said Tuesday it would soon meet with industry stakeholders to discuss action plans…
PSALM aims to sell more assets
The Power Sector Assets and Liabilities Management Corp. (PSALM) has set its sights on selling more assets to…
Firms get nod to conduct grid impact studies
The Department of Energy (DOE) has given 11 firms the go-signal to conduct grid impact studies (GIS) for…
‘Fort Pilar to produce 3,000 MW in 5 years’
Fort Pilar Energy Inc. wants to produce as much as 3,000 megawatts (MW) in power generating capacity in…
Meralco eyes power supply deals with PSALM, PEDC
The Manila Electric Co. (Meralco) has lined up its power requirements—totaling 260megawatts (MW)—that are urgently needed to avert…
Napocor adds P300M in remittance to govt
STATE firm National Power Corp. (Napocor) has remitted P300 million to the national treasury, its top official said…
Ayala energy unit to invest fresh capital in RE projects
AC Energy Corp. (ACEN), the energy arm of Ayala Corp., has raised nearly $1 billion in fresh capital…
DOE moves to hike renewables share
The Department of Energy (DOE) is formally adopting the recommendation of the National Renewable Energy Board (NREB) to…
SMC Global Power to offer $100-M perpetual securities
SMC Global Power Holdings Corp. (SMCGP) is raising $100 million from the issuance of additional senior perpetual capital…
Meralco extends freeze on power disconnection until end of September
THE Manila Electric Company (Meralco) will continue to suspend its power disconnection activities in its franchise area until…
Fort Pilar Energy acquires solar power firm
Fort Pilar Energy Inc. is increasing its presence in the power sector with its latest acquisition—a solar power…
NGCP seeks approval for 11 projects
The National Grid Corp. of the Philippines (NGCP) is seeking regulatory approval for 11 vital transmission projects worth…
Pump prices up again by Tuesday
PUMP prices are on the rise again starting Tuesday. Seaoil, Chevron, Shell, Cleanfuel announced Monday morning that they…
Brain drain bugs ERC, 2022 budget slashed to nearly half
THE Energy Regulatory Commis-sion (ERC) has appealed to have its proposed 2022 budget of P987.458 million restored, underscoring its intent…
PSALM sets bid price for Pampanga property
The Power Sector Assets and Liabilities Management Corp. (PSALM) has set a minimum bid price of P741.327 million…
Govt share in Malampaya funds hits ₧124B–DOE
The government’s share in the Malampaya fund now stands at roughly P124 billion, the Department of Energy (DOE)…
PSALM eyes OMSC for Casecnan Multipurpose
THE Power Sector Assets and Liabilities Management Corporation (PSALM) will procure an Operation and Maintenance Service Contract (OMSC)…
ERC completes scrutiny of 8 power generation firms
The Energy Regulatory Commission (ERC) has concluded its probe on eight power generation companies (gencos) that were found…
‘PHL needs more transmission facilities’
Renewable energy (RE) players said transmission line constraint is one of the possible hindrances to achieving the country’s…
Govt awards 928 renewable energy deals
The Department of Energy (DOE) has awarded 928 renewable energy (RE) contracts, representing a capacity of nearly 30,000…
SMPC remits ₧1.7B in royalties to government
CONSUNJI-led Semirara Mining and Power Corp. (SMPC) has turned over nearly P1.7 billion in royalty payment to the…
Oil firms to raise fuel pump prices Tuesday, 31 August
Pump prices are going up this week. Oil firms announced Monday they will implement a P0.40 per liter…
Market share of major oil firms declines in Jan-June
The market share of petroleum products from the country’s major oil firms dipped to 38.96 percent in the…
Senate energy chief doubts power-supply assurance by Cusi
DEPARTMENT of Energy (DOE) officials assured last week that there will be enough electricity supply during the election period…
No decision yet on NGCP public offering mode–ERC
The Energy Regulatory Commission (ERC) said Thursday it has not yet ruled on whether it is allowing the…
DOE finally issues draft policy on WTE development in PHL
THE Department of Energy (DOE) on Thursday released a draft policy that will enhance the development of waste-to-energy…
AC Energy keen on floating solar projects
AC Energy is looking at embarking on floating solar power and offshore wind power projects to help the…
‘Foreign investments key to going nuclear’
INVESTMENTS from foreign players who are willing to do business in the Philippines could push the country to…
Net oil import bill rises 63% in H1 amid improving demand for petroleum products
THE country’s net oil imports rose by 63 percent in the first half of the year due to…
Government urged to cap WESM prices, allow players secure financing for RE projects
AN energy finance analyst has recommended that government adopt a price “guarantee” for merchant plants that sell their…
FPH to buy electric buses from GET
Lopez-led First Philippine Holdings Corp. (FPH) will purchase new-generation COMET (Community Optimized Managed Electric Transport) electric buses from…
For third straight week, oil firms roll back fuel prices
OIL firms will reduce pump prices this week to reflect movements in the world market. They announced Monday…
DPC allots ₧3.5B for 2 plants
Consunji-led DMCI Power Corp. (DPC) is setting aside P3.5 billion to construct a 15megawatt (MW) thermal power plant…
ERC targeting to conclude probe on gencos in September
THE Energy Regulatory Commission (ERC) is expected to release next month the result of its investigation into 17…
Masongsong: Corruption allegations are baseless
Dismissed National Electrification Administration (NEA) chief Edgardo R. Masongsong said over the weekend that no government funds were…
Batangas Clean Energy exits liquefied natural gas race
Lucio Tan-led Batangas Clean Energy Inc. (BCE) has dropped out of the liquefied natural gas (LNG) race after…
SSPI taps EIM graduates for RELY
Vivant Corp., the project proponent of European Union-funded Renewable Energy for Livelihood and Youth (RELY), said four Electrical…
DOE official is new OIC of Napocor
Energy Undersecretary Donato Marcos has been designated as Officer-in-Charge (OIC) of the National Power Corp. (Napocor). Marcos replaced…
Hedcor Bukidnon hydro plant now operating at full capacity
Hedcor Inc., a wholly-owned subsidiary of Aboitiz Power Corp., said Wednesday two units of its hydropower facility in…
ERC issues GEOP rules
The Energy Regulatory Commission (ERC) has promulgated the regulatory framework for the Green Energy Option Program (GEOP), a…
NGCP sets aside ₧440B for 13-year capex program
The National Grid Corporation of the Philippines (NGCP) is earmarking P440 billion for capital expenditures (capex) from 2021…
‘Meralco may tap power from PSALM’
The Manila Electric Co. (Meralco) is considering the suggestion of the energy department to source its additional power…
Oil firms lower diesel and kerosene prices
Oil firms will reduce diesel and kerosene prices starting Tuesday. They announced Monday that diesel price will go…
DOE concludes virtual ‘green energy’ public consultations
THE Department of Energy (DOE) has concluded public consultations on two proposed policies aimed at increasing the renewable…
DOE seeks more equitable lifeline-subsidy distribution
THE Department of Energy (DOE) and the Energy Regulatory Commission (ERC) are soliciting comments from industry stakeholders on…
First Gen energizes WHI plant
FIRST GEN Corp. is supplying Philippine Bio-Industries Inc. (PBI)—one of the country’s biggest exporters of refined carrageenan blends—650…
Psalm Paco-Manila lot attracts three buyers
THE Manila Electric Co. (Meralco) and two more firms expressed interest in acquiring the Paco-Manila property of the…
EDC turns over ₧29 million to LGUs
Energy Development Corp. (EDC) has turned over P29.1 million to the communities and local government units (LGUs) hosting…
2 LNG projects expected to be done in Q2, Q3 ’22
TWO LNG (liquefied natural gas) projects are expected to be finished in the second and third quarters of…
Aboitiz keen on supplying power to Meralco via CSP
ABOITIZ Power Corp. will participate in the competitive selection process (CSP) for the Manila Electric Co.’s (Meralco) baseload…
‘Government must bid out Malampaya contract’
The next operator of the Malampaya Deep Water Gas-to-Power Project must be determined via an auction, according to…
PSALM seeks nod of ERC for power rate adjustments
The Power Sector Assets and Liabilities Management Corp. (PSALM) filed an application with the Energy Regulatory Commission (ERC)…
Oil companies cut fuel pump prices
After weeks of oil price increases, oil firms announced Monday that they will reduce fuel pump prices this…
Meralco power rates to go up this month
Electricity rates this month will increase by P0.0965 per kilowatt-hour (kWh) to P9.0036 per kWh mainly due to…
Oil firms announce price rollback effective Aug. 10
AFTER weeks of oil price increases, oil firms announced Monday that they will reduce pump prices this week.…
3 power facilities to go offline
Three power facilities with 1,047 megawatts (MW) in combined capacity may not be able to run when the…
ACEN plans to build ₧25-B dual-fuel plant in Batangas
Ingrid3 Power Corp., a unit of AC Energy Corp. (ACEN), has proposed the construction of a P25-billion dual-fuel…
Cusi appeals for discounted fuel pump price for frontliners
The Department of Energy (DOE) is appealing to oil companies to extend discounts to frontliners amid rising fuel…
AC Energy to invest $10 million in overseas solar projects
AC Energy Corp. (ACEN), through its subsidiary AC Renewables International (ACRI), will pour $10 million in fresh funds…
Create law cultivates confidence, confusion; booster shot required
REP. Joey Sarte Salceda of Albay took off his sports jacket and ran a hand on his blue…
NGCP bans plant maintenance activities during peak months
The National Grid Corporation of the Philippines (NGCP) on Wednesday assured that it would not allow power plant maintenance…
Petron records net income of ₧3.87 billion in January-June
Petron Corp. ended the first semester with a net income of P3.87 billion, a turnaround from the P14.24-billion…
DOE targeting to hit RE goal in power mix via green energy auction scheme
The Department of Energy (DOE) is soliciting comments from industry stakeholders on a draft circular that seeks to…
Meralco to halt disconnection in areas under ECQ, MECQ
The Manila Electric Co. (Meralco) is putting on hold disconnection activities in the National Capital Region (NCR) from…
Aboitiz allots ₧190 billion for energy projects
Aboitiz Power Corp., the largest owner and operator of renewable energy (RE) projects in the Philippines, has allocated P190 billion for projects that will enable the company to hit a 50:50 balance between its renewable and thermal capacities by 2030.
Semirara net income up 279% in April-June
Consunji-led Semirara Mining and Power Corp. (SMPC) registered a net income of P4 billion in the second quarter,…
BiotechJP taps solar power
EEI Power Corp., a subsidiary of Yuchengco-led EEI Corp., has completed the installation of an 83.2-kWp solar rooftop…
Phoenix net income grows by 9% in Q2
Phoenix Petroleum said it recorded a 9-percent increase in net income in April to June on account of…
NGCP targeting to complete VisMin power grid in Q1 2022
The National Grid Corporation of the Philippines (NGCP) is aiming to complete the Mindanao-Visayas Interconnection Project (MVIP) within…
Meralco seeks nod of ERC for capital spending plan
The Manila Electric Co. (Meralco) is seeking regulatory approval to implement its capital expenditure (capex) program worth about…
Going, going, gone?
They said it would run till 2027, but gas from Malampaya is depleting faster than projected, leaving a lawmaker and some industry players worried about another power crisis.
AboitizPower income hits ₧4 billion in Q2
Aboitiz Power Corp. posted P4 billion in net income in the second quarter, bringing its first-half net income…
Spectrum energizes solar farm
The Manila Electric Co.’s renewable energy subsidiary, Spectrum, has energized a one-megawatt (MW) solar farm within Maynilad’s La…
Malampaya shutdown to hike generation charge–Meralco
The Manila Electric Co. (Meralco), the country’s largest electricity distribution utility, is anticipating an increase in power generation…
PXP Energy wants to resume petroleum exploration in WPS
Pangilinan-led PXP Energy Corp. is prepared to resume oil exploration activities in disputed waters in the West Philippine…
Phoenix settles ₧3B in commercial papers
PHOENIX Petroleum Philippines continued to improve its balance sheet after it settled P3 billion in commercial papers (CP)…
Pump prices rolled back after 9 weeks
AFTER nine consecutive weeks of oil price increases, pump prices are going down starting Tuesday. Oil firms said…
Meralco earnings up in H1 as power demand rebounds
IMPROVING demand for power has allowed Manila Electric Co. (Meralco) to post a net income of P9.9 billion…
MORE Power, PSALM forge electricity supply agreement
Razon-led MORE Electric and Power Corp. (MORE) has signed a power supply deal with state-owned Power Sector Assets…
Meralco: More priority sites now have access to electricity
The Manila Electric Co. (Meralco), the country’s largest electricity distribution utility, has achieved its target of electrifying 536…
NGCP to build ₧22.2-billion power network
THE National Grid Corp. of the Philippines (NGCP) proposed to construct two interconnection projects worth P22.2 billion to…
SMC power arm continues cleaning portfolio of coal
SMC Global Power Holdings Corp. will convert a proposed 300-megawatt (MW) coal plant in San Carlos, Negros Occidental…
AC Energy scales up upcycling tack
AC Energy is scaling up its waste management program by producing eco-bricks out of plastic collected from solar…
First Gen, Menarco ink deal
MENARCO Development Corp. (Menarco), a firm controlled by the family of businessman Menardo Jimenez, has tapped First Gen…
DOE says to heed charter’s 60:40 rule in oil-gas deals
THE Department of Energy (DOE) said Thursday it would honor the 60:40 Filipino-foreign ownership requirement of the 1987…
‘Senate panel to continue review of Malampaya deals’
The Senate Energy Committee will continue to probe the deals sealed by Udenna Corp. (UC) with Chevron Malampaya…