Renewable energy alone will not automatically translate to lower electricity costs unless consumers are given greater freedom to choose their power suppliers, according to Mabuhay Energy Corporation (MECO) President and CEO Jacqueline Castillo.

The Philippine Economic Zone Authority (PEZA) is banking on the government’s newly issued investment framework to drive renewable energy (RE) investments into the country’s ecozone system.

Power distributor Manila Electric Co. (Meralco) has started looking for suppliers for 600 megawatts (MW) of electricity under a 15-year contract, as the company seeks to ensure reliable supply and competitive rates for its customers in the coming years.

THE National Power Corporation (NPC) on Wednesday assured that Mindanao’s key hydropower assets, which have been offline owing to technical problems, will fully return to service in August.

Cebu-based Vivant Energy Corp. (VEC) has acquired a 100 percent stake in Samar Philippines Renewable Corporation, giving the power firm full control of a 200-megawatt (MW) utility-scale wind development in the central Philippines.

The Department of Energy released draft guidelines for a tender to build the country’s pioneer nuclear power plant, featuring a staggered delivery period starting in 2038.

CEBU City—The chief of the Department of Energy (DOE) expressed support to local government officials who opt to declare an energy emergency amid the frequency of yellow and red alerts in the Visayas power grid.

ROXAS CITY, Capiz (PIA) — The Capiz Electric Cooperative (CAPELCO) is installing a 2×5 Megavolt-Ampere Reactive (MVAR) capacitor bank at its Lawaan Substation to optimize power supply in Capiz, with MVAR serving as the standard unit for measuring reactive power in electrical systems.

MANILA, Philippines — The government is racing to bring renewable energy (RE) to the country’s most remote communities, targeting full hybridization by 2030 to reduce their costly reliance on diesel power.

Aurora Energy Research has launched its Philippines Nodal Market Forecast, which it says is the first bankable nodal-level price forecast available to investors, lenders, developers, and traders active in the country’s power market.