CALAPAN CITY, Oriental Mindoro (PIA) — The Oriental Mindoro Electric Cooperative (ORMECO) announced a projected 27-percent reduction in generation rates beginning June 2026.

Electricity consumers may see higher power rates in June after a series of red and yellow alerts in the Luzon and Visayas grids drove spot market prices to the maximum allowed level, the Energy Regulatory Commission said.

The Philippine Independent Power Producers Association (PIPPA) said Wednesday it supports measures to lower consumer electricity costs but urged lawmakers to ensure policy changes remain tax-neutral and non-disruptive to the energy sector.

ELECTRICITY CONSUMERS may face higher power costs, as the Energy Regulatory Commission (ERC) has yet to decide whether to extend the suspension of the green energy auction allowance (GEA-All) collection.

The National Grid Corporation of the Philippines (NGCP) said the Luzon grid was already under severe strain before two transmission lines tripped last week, with around 4,000 megawatts of generating capacity unavailable due to forced outages and derated operations.

President Ferdinand R. Marcos Jr. will travel to Japan on May 26 to 29 for a four-day State Visit that is expected to place energy security and regional supply resilience at the center of discussions with Tokyo.

ACEN-Silverwolf, a joint venture between ACEN Renewables International, the international investment arm of ACEN, and Silverwolf Capital Limited, have signed a memorandum of understanding (MoU) with Norwegian renewable energy technology company Ocean Sun to explore the deployment of utility-scale floating solar projects across selected Asian markets.

The Department of Finance (DOF) said Board of Investments (BOI)-approved energy projects in 2025 worth PHP 983.3 billion could add 10,405 megawatts (10.4 gigawatts) of new capacity to the Philippine grid, highlighting the scale of investments in the country’s energy pipeline.

Manila Electric Company (Meralco) has reiterated its support for rooftop solar adoption, while pushing back against claims that it is trying to restrict residential solar systems.

A new industry report is pointing to battery energy storage systems (BESS) as a near-term cost and flexibility lever for the Philippine power sector, particularly through ancillary services that could materially reduce system costs and unlock multi-billion-dollar value in solar integration.