The Energy Regulatory Commission (ERC) has set a fixed price of P6,000 per megawatt-hour (MWh), or P6 per kilowatt-hour (kWh), for coal-fired power generation after suspending operations of the Wholesale Electricity Spot Market (WESM) to help stabilize power prices amid the Middle East crisis.
THE ENERGY Regulatory Commission (ERC) is accelerating its decision-making process involving critical power deals meant to augment the country’s supply and stabilize electricity prices following a declaration of a national energy emergency due to Middle East conflict-driven fuel disruptions.
As Congress convenes a rare joint House and Senate hearing on the country’s ongoing energy concerns, energy policy expert Atty. Jay Layug, executive board member of the Philippine Energy Research and Policy Institute (PERPI), is urging lawmakers to look beyond immediate oil price spikes and confront a deeper structural issue: the Philippines’ continued dependence on…
The Energy Regulatory Commission (ERC) on Thursday clarified earlier rulings on how the units of San Miguel Global Power Holdings Corp. can recover approximately P29.21 billion in fuel costs and losses they incurred from 2022 to 2023 from the Manila Electric Co. (Meralco).
Electricity consumers across Luzon, the Visayas, and Mindanao should brace for higher bills this month due to an increase in spot market prices resulting from lower supply seen last month.
Southeast Asia’s latest energy price shock is pushing utilities back toward coal, but new analysis from Zero Carbon Analytics (ZCA) indicates the shift may raise costs and weaken long-term energy security compared with renewables.
MAHARLIKA Investment Corp. (MIC) said it is open to a proposal raised during a House hearing to tap the sovereign wealth fund for energy diversification as fuel supply risks rise.
MANILA ELECTRIC CO. (Meralco) is urging electric cooperatives in Batangas and General Santos (GenSan) City to conduct public bidding to determine their power distribution partners, as it seeks to advance proposals to upgrade facilities and address persistent electricity issues in these areas.
Global energy firm TotalEnergies and Abu Dhabi-based clean energy developer Masdar (Abu Dhabi Future Energy Company) have formed a USD 2.2-billion joint venture (JV) to consolidate and scale renewable energy assets across Asia, including existing and planned investments in the Philippines.
ENERGY-related investments, particularly in renewable power, account for the bulk of projects endorsed under the government’s Green Lane initiative, which has reached P6.43 trillion in total approved investments as of end-March.