The government could have worked much earlier on giving President Ferdinand Marcos Jr. the power to temporarily suspend or reduce fuel excise taxes amid the oil price surges, an energy lawyer said on Tuesday. 

The Department of Energy (DOE) is preparing to spend up to PHP 20 billion to build a fuel buffer stock as part of efforts to secure supply amidst global oil market volatility.

The Philippines is expected to have a sufficient power supply in the second quarter of 2026, but underlying weaknesses in the grid mean the outlook remains manageable but fragile, with risks of alerts and supply tightness persisting, particularly in the Visayas, a group said Tuesday.

Replacing planned gas-fired power expansion in ASEAN with solar energy could reduce system costs by as much as USD 67 billion, according to a new analysis by energy think tank Ember, amid ongoing disruption in global LNG markets linked to tensions in the Gulf.

The National Power Corporation (NPC) has formalized a partnership with SunSmart Solar Power Technology, Inc. to accelerate the deployment of renewable energy in the country’s most remote areas. The two organizations signed a Memorandum of Understanding (MOU) aimed at enhancing power solutions within the NPC’s Small Power Utilities Group (SPUG) service areas, which cover off-grid…

The Department of Energy (DOE) on Tuesday clarified its policy allowing the temporary importation and use of Euro 2 petroleum products, which are regarded as having “dirtier” emissions, saying it is only a contingency measure should fuel supply in the country reach “critical levels.”

MANILA – The Philippines continues to have adequate fuel supply until the second week of May, Energy Secretary Sharon Garin said Tuesday.

PXP Energy Corporation said one of its subsidiaries is converting millions of dollars in internal debt into shares, a move aimed at cleaning up its books and increasing ownership in a Cebu-based energy project.

The Energy Regulatory Commission (ERC) has authorized the National Grid Corporation of the Philippines (NGCP) to proceed with more than PHP 33 billion worth of transmission projects aimed at connecting new power plants to the grid in Luzon and the Visayas.

The Philippines is standing at a critical energy crossroads as it faces rising demand, a heavy dependence on fuel imports and increasing climate risks.