MANILA, Philippines — The Power Sector Assets and Liabilities Management Corp. (Psalm) is currently finalizing the bidding of the National Power Corp.’s (Napocor) remaining power assets.
MANILA – The Department of Energy (DOE) will consider a three-strike policy against erring generation companies (gencos) to address sustained capacity shortages that place transmission grids under yellow or red alerts.
The equivalent average transmission rate for private distribution utilities and electric cooperatives rose 22.22% to PHP 1.7560 per kilowatt-hour for the July 2026 billing period, up from PHP 1.4367/kWh in June, according to the National Grid Corporation of the Philippines (NGCP).
State-owned National Electrification Administration (NEA) lauded the Zamboanga City Electric Cooperative for reducing its system loss, citing it as a successful model for other power distributors.
The Department of Energy (DOE) said fuel prices will rise for the week of August 18 to 24, even as domestic inventories remain healthy and the government moves forward with plans to establish a strategic petroleum reserve.
THE Department of Energy said Monday that red and yellow alerts in the Visayas and Mindanao may persist until September 2026.
The Energy Regulatory Commission (ERC) is studying tycoon Ramon Ang’s acquisition of a minority stake in Lopez Inc. to evaluate potential breaches of anti-competitive safeguards and statutory ownership limits in the power sector.
Lopez-owned First Philippine Holdings Corp. (FPH) rejected a non-binding proposal from global investment firm Kohlberg Kravis Roberts & Co. L.P. (KKR) to acquire an 8.43-percent stake in First Gen Corp., the company said in a disclosure to the Philippine Stock Exchange Monday.
Shell Energy Philippines has moved its Hermosa Battery Energy Storage System (BESS) project in Hermosa, Bataan, into the next stage of development after signing key contracts covering engineering, construction, and long-term operations.
The National Power Corporation (NAPOCOR) is targeting an additional 6.16 million liters of fuel storage capacity by 2029 as it seeks to strengthen fuel security for its diesel-fired power plants serving off-grid areas.