THE Energy Regulatory Commission (ERC) is soliciting comments from industry stakeholders to set the offer price ceiling for the electricity Reserve Market (RM) to P9 per kilowatt hour (kWh) from P25 per kWh.

The Manila Electric Co. (Meralco) aims to empower electric cooperatives (ECs) via capital infusion which will enhance their power distribution services.

PetroEnergy Resources Corp.’s (PERC) acquisition of all BCPG Wind Cooperatief U.A. (BCPG) shares in PetroWind Energy Inc. (PWEI) has been cleared by the Philippine Competition Commission (PCC).

MGEN Thermal Energy, Inc., the thermal power generation arm of Meralco PowerGen Corporation (MGEN), aims to become a “best-in-class” thermal generation operator in Asia, as it prepares to expand its energy portfolio through the end of the decade.

Manila Electric Co. is exploring a possible partnership with Albay Electric Cooperative (Aleco) as it seeks to expand its distribution business outside its franchise area, Meralco senior vice president and chief external and government affairs officer Arnel Casanova said.

Araneta City Inc. has expanded its partnership with First Gen Corp. to power more of its 35-hectare mixed-use property development in Cubao, Quezon City with renewable energy (RE).

SUSTAINABLE FITCH on Monday introduced an external review service that will provide independent assessments for companies applying for the Philippine Green Equity Label under the Securities and Exchange Commission’s (SEC) Guidelines on Philippine Green Equity.

MANILA, Philippines — The Department of Energy (DOE) is confident it can resolve the Visayas’ power woes before President Ferdinand Marcos Jr. leaves office in 2028.

ENERGY Secretary Sharon Garin is optimistic about achieving greater infrastructure accomplishments in the energy sector, having significantly improved the response times of the agencies under the department.

CEBU CITY (PIA) — The National Grid Corporation of the Philippines (NGCP) is building two major transmission projects in Central Visayas to meet rising power demand and accommodate the region’s growing renewable energy capacity.