Power grid operator National Grid Corporation of the Philippines (NGCP) has been religiously paying its three percent franchise tax as mandated by law.

THE Energy Regulatory Commission (ERC) approved capital expenditure (capex) proposals amounting to P101.81 billion in 2024.

LISTED renewable energy firm NexGen Energy Corp. (NexGen) has increased its stake in subsidiary Solar Powered Agri-rural Communities Corp. (SPARC) to 95.56% from 77.78%.

THE Department of Energy (DoE) said it has dropped run-of-river hydro from the third round of the green energy auction (GEA-3), which will be delayed to next month.

The Department of Energy said Monday it will hold the third round of the Green Energy Auction Program covering 4,650 megawatts on Feb. 11, 2025, with the exclusion of run-of-river (ROR) hydro technology.

THE ENERGY Regulatory Commission (ERC) said it will review the $3-billion energy landmark deal between Manila Electric Co. (Meralco), Aboitiz Power Corp. (AboitizPower), and San Miguel Corp. (SMC) following the recent approval by the Philippine Competition Commission (PCC).

MANILA, Philippines — Several milestones marked NGCP’s achievements in 2024, following the completion of four major grid projects that have significantly bolstered the reliability of the country’s grid infrastructure.

PACIFICLIGHT Power Pte. Ltd. (PLP), a subsidiary of Meralco PowerGen Corp. (MGen), is set to build a 600-megawatt (MW) gas-fired power facility in Singapore after being awarded a contract by the Energy Market Authority (EMA).

FGEN LNG Corp., a wholly owned subsidiary of Lopez-led First Gen Corp., said it has received a permit from the Energy department to operate and maintain its interim offshore liquefied natural gas (LNG) terminal in Batangas.

The National Electrification Administration (NEA) deactivated on Monday the Board of Directors of Palawan Electric Cooperative (PALECO), citing their refusal to conduct district elections in three districts.