ENERGY Development Corp. (EDC) has set a capital expenditure (capex) budget of P19 billion for 2026, lower than this year’s allocation, as the company scales back drilling activities following several years of heavy investment in geothermal growth projects.
ELIGIBLE renewable energy (RE) plants will be entitled to receive additional incentives starting next year as the Energy Regulatory Commission (ERC) approved long-delayed adjustments in the feed-in tariffs (FIT).
ABOITIZ Renewables, Inc., a subsidiary of Aboitiz Power Corp. (AboitizPower), has acquired shares in a company developing a large-scale solar farm in Bohol for $8.55 million (P505 million).
MANILA ELECTRIC CO. (Meralco) has launched a competitive selection process (CSP) to procure 200 megawatts (MW) of baseload renewable energy (RE) to comply with its renewable portfolio standards (RPS) obligations, the company said on Monday.
Alsons Consolidated Resources Inc. (ACR), the listed company of the Mindanao-focused Alcantara Group, has been assigned a PRS Aa (corp.) rating with a stable outlook from the Philippine Rating Services Corp. (PhilRatings) for its P3-billion commercial paper program.
THE Energy Regulatory Commission (ERC) is seeking a harmonious balance between consumer welfare and private sector interest, amid recent political controversies.
The Energy Regulatory Commission (ERC) has raised the secondary price cap (SPC) in the Wholesale Electricity Spot Market (WESM) to P7.423 per kilowatt-hour (kWh) from the previous P6.245/kWh.
The Energy Regulatory Commission (ERC) has approved a preliminary Green Energy Auction Reserve Price for Round 5 (GEAR5) of P10.3859 per kilowatt-hour (kWh) for fixed-bottom offshore wind projects.
THE ENERGY transition cannot come at the expense of consumers, who are being made to pay fees that cut the risk for renewable energy (RE) developers, according to Partners for Affordable and Reliable Energy (PARE).
FIRST GEN CORP. has partnered with Divine Mercy Wellness and Medical Center in Tuguegarao City, Cagayan to supply the hospital with renewable energy from its Tongonan Geothermal Power Plant in Leyte.