MANILA, Philippines — The proposed joint venture between Ignite Power and South Cotabato II Electric Cooperative (Socoteco 2) is now headed to a vote after a recent court ruling lifted the block on the plebiscite.

The Bureau of Internal Revenue (BIR) on Monday removed value-added tax (VAT) on the allowable system loss charge within the cap approved by the Energy Regulatory Commission (ERC).

The Department of Energy (DOE) is set to conduct its final public consultation this week before releasing the final draft of the terms of reference (TOR) for the competitive bidding of coal production and development, including the controversial blocks, on Semirara Island.

The Visayas grid was placed on red alert Monday from 3 p.m. to 9 p.m., continuing a pattern of near-daily power warnings across the region for September.

The Department of Energy (DOE) has issued a certification to the Department of Finance (DOF) stating that the Dubai crude oil price has breached the $80 per barrel threshold paving the way for the suspension of the fuel excise tax as pump prices soared to a high of P5.58 per liter.

The Department of Energy and the Department of Environment and Natural Resources plan to issue a joint administrative order establishing guidelines and procedures for evaluating and awarding natural resource contracts, including those on coal-rich Semirara Island.

Philippine Racing Club Inc. is venturing into renewable energy and plans to utilize its available properties for project development.

Alsons Power Group and Makoto Metal Technology Inc. (MMTI) signed a retail electricity supply (RES) agreement to electrify the latter’s two manufacturing plants at the Mactan Export Processing Zone II (MEPZ II) in Lapu-Lapu City.

The Department of Energy (DOE) plans to launch its Green Energy Auction (GEA) for onshore wind paired with battery energy storage systems (BESS), totaling 1,200 megawatts (MW), by early 2027.

The Energy Regulatory Commission (ERC) has re-adjusted the capital expenditures (capex) projects of the Manila Electric Co. (Meralco) for regulatory year 2021 to P19.66 billion, comprising of 25 major capex and 75 residual capex projects.