MANILA, Philippines — Facing allegations of owing P204.3 billion to Filipinos for its purported excess earnings, the National Grid Corp. of the Philippines (NGCP) clarified that the figure does not stem from actual bills to power consumers.

The Energy Regulatory Commission (ERC) on Tuesday said it is pushing for the imposition of higher fines against the National Grid Corporation of the Philippines (NGCP) over the delay of at least 34 transmission projects.

Privately-owned power grid operator National Grid Corporation of the Philippines (NGCP) has reiterated to congressmen that it is Filipino-led company.

There is no reason for NGCP’s equity holders to welcome the interest of Maharlika Fund to buy into the company.

First Gen Visayas Energy Inc. (FGVEI), a subsidiary of renewable energy company First Gen Corporation, has been fined by the Department of Energy (DOE) for the late filing of reports on its wind energy projects.

State-run National Electrification Administration (NEA) said Tuesday it laid down the specific financial and operational parameters for electric cooperatives (ECs) planning to seek exemptions from local taxes, fees and charges in their local government units (LGUs).

ABOITIZ Upgrade Solar, Inc. (AUSI) has inked a long-term solar power purchase agreement with cement manufacturer Republic Cement & Building Materials, Inc. (RCBM) to power the latter’s facility in Norzagaray, Bulacan.

Over 20 industry groups have expressed support for renewing Meralco’s franchise as the Senate deliberates on the proposed legislative measure.

Energy firm Semirara Mining and Power Corporation (SMPC) announced a new record for coal shipments in 2024, driven by stronger demand from China and domestic markets.

THE DEPARTMENT of Energy (DoE) is seeking support to address the financial gap required for renewable energy (RE) development, an official said on Monday.