The Department of Energy (DOE) said the Philippines has sufficient fuel supply to last through the latter half of May, even as global oil market disruptions continue to push domestic prices upward.
The country is expecting the arrival of 900,000 barrels of diesel in the country this month, of which 300,000 barrels will arrive on Friday, the Department of Energy (DOE) said on Tuesday.
The Energy Regulatory Commission (ERC) has commenced evidentiary hearings on the rate application of Manila Electric Company (Meralco), a case that will determine future electricity distribution charges for its customers.
POWER CONSUMERS in the competitive retail electricity market (CREM) saved about P4.23 billion last year compared to those still captive to their distribution utilities (DUs), according to the Philippine Electricity Market Corp. (PEMC).
Malacañang has warned that individuals purposefully spreading false information about the country’s energy situation may face legal action, as the government adopts a “zero tolerance” stance against disinformation amidst the ongoing energy emergency.
Pasig City has taken a major step toward sustainability by signing a long-term agreement with ACEN Renewable Energy Solutions to shift its electricity supply entirely to renewable sources. The partnership was formalized under the Green Energy Option Program, a government initiative that allows large electricity users to choose clean energy over conventional fossil fuel-based power.
Access to financing for wind energy projects in the Philippines remains tightly linked to project readiness, with lenders requiring full regulatory and contractual compliance before releasing funds, industry players said.
Offshore wind projects in the Philippines could take up to a decade to develop, highlighting a growing gap between ambitious rollout targets and the complex realities of building large-scale projects.
Shell Energy Philippines (SEPH) has entered into a 15-year renewable energy supply agreement with Minebea Mitsumi Philippines, marking a significant step in supporting the company’s transition to clean energy across its operations.
Strong, continuous stakeholder engagement will be critical to the successful rollout of offshore wind projects in the Philippines, according to infrastructure consultancy GHD, amid the country’s accelerating renewable energy expansion.