DOE shakeup: Why mess with an agency that’s delivering?

Why did the Marcos administration seemingly sideline one of its steadiest-performing agencies – the Department of Energy (DOE)? Consider the ₱3.7 trillion worth of renewable energy (RE) investments just recently reported by the Board of Investments. Was this a misjudged piece of advice to the President, or is there a powerful, unseen lobby at work?…

Green energy auctions may lower power rates by up to ₱1.32/kWh by 2029

The Department of Energy (DOE) has apprised relevant industry stakeholders that if the line-up of green energy auctions (GEAs) will yield successful outcomes on capacity additions for the country, the generation rates across grids will go down by average ₱0.90 to ₱1.32 per kilowatt hour (kWh) to reach average ₱3 per kilowatt hour (kWh) level…