Average systemwide spot electricity prices surged nearly 40 percent in May 2026 as intense heat and unexpected power plant shutdowns triggered a sharp spike in demand, the market operator said Wednesday.
The Philippines is experiencing a surge in rooftop solar demand as households and businesses seek protection from rising electricity prices and fuel price volatility, but the industry is struggling to translate that interest into actual installations, according to New Energy Nexus Philippines.
Philippine economic zones are ramping up efforts to strengthen energy resilience as industrial power demand continues to grow, with the Philippine Economic Zone Authority (PEZA) and Schneider Electric advancing measures aimed at reducing dependence on fossil fuels and improving operational stability across ecozones.
CleanTech Global Renewables, Inc. (CleanTech) has partnered with the Department of Environment and Natural Resources (DENR) Region 1 and five People’s Organizations (POs) to undertake a large-scale reforestation initiative in Pangasinan, marking what the company described as the first project of its kind in the Ilocos Region involving the DENR, community organizations, and the private…
A consumer advocacy group on Tuesday called on Ombudsman Jesus Crispin Remulla to investigate the state-run Energy Regulatory Commission (ERC) over its alleged failure to prevent the imposition of high electricity rates.
The Department of Energy (DOE) is working with power grid operators and generation companies to restore electricity in Southern Mindanao after a major earthquake disrupted operations at power plants and severed transmission lines.
THE ASIAN Development Bank (ADB) is working with the Philippine government to build a pipeline of energy projects to accelerate renewable energy (RE) deployment, improve energy efficiency, and reduce diesel dependence in off-grid areas.
The Department of Energy said Catanduanes moved closer to a stable electricity supply after generator sets arrived to resolve power outages of up to 12 hours in the island province.
ANOTHER step to achieving a more reliable and sustainable downstream natural gas industry has been completed.
Food and beverage company Fly Ace Corporation has partnered with First Gen Corporation to directly source renewable geothermal energy for its operations, marking the latest collaboration between a major Philippine consumer goods company and one of the country’s leading renewable energy providers as businesses continue to pursue sustainability and decarbonization initiatives.