RAZON-led Prime Energy Resources Development B.V. (Prime Energy) is allocating next year at least 31 percent of the planned $600-million work program investment for the Malampaya gas field.

THE Manila Electric Co. (Meralco) wants to secure at least 650 megawatts (MW) of power supply intended for the summer months of 2024.

THE power unit of conglomerate San Miguel Corp. (SMC) is set to complete next month its 32 battery energy storage system (BESS) projects with a combined capacity of 1,000 megawatt hours (MWh).

THE country’s lone oil refiner may end the year with P12 billion in net income, double from last year’s P6.7 billion, Petron Corp. President Ramon S. Ang said.

Alternergy Holdings Corp. (Alternergy) will surrender one of the four wind energy service contracts (WESCs) awarded by the Department of Energy (DOE).

The Manila Electric Co. (Meralco) heeded the recommendation of the Energy Regulatory Commission (ERC) to revise the terms of reference (TOR) of the upcoming competitive selection process (CSP) for 1,800 megawatts (MW) of baseload capacity.

THERE are four million unsafe LPG (liquefied petroleum gas) cylinders in the market that should be replaced before January 7, 2025, South Pacific Inc. and Republic Gas Corp. (Regasco) said over the weekend.

The legal counsel of an organization of renewable energy (RE) associations urged the government to have equity participation in offshore wind (OSW) projects to “fully maximize” the potential of the billion-dollar wind industry.

Renewable energy company SN Aboitiz Power (SNAP) unveiled plans to build up to 1,000 megawatts (MW) of solar power capacity by 2030, a move that will further boost its renewable energy (RE) goals.

MERBAU Corp., the renewable energy (RE) arm of JG Summit Holdings, Inc., has completed the installation of 13.811-megawatt (MW) peak solar power for the integrated petrochemical complex of JG Summit which houses JG Summit Olefins Corp. (JGSOC) manufac...

SIX power firms offered the Manila Electric Co. (Meralco) over 3,000 megawatts (MW) of baseload capacity for delivery starting a year from now.

OFFICIALS of the Manila Electric Company (Meralco) conveyed a positive outlook on the development of micro modular reactors (MMR) in the Philippines.

The Department of Energy (DOE) has endorsed 24 power projects to the National Grid Corporation of the Philippines (NGCP) for the conduct of system impact studies (SIS).

The National Electrification Administration (NEA) extended P934.56-million worth of loan assistance as of last month to support the operations of 24 electric co-operatives (ECs).

THE completion of the Cebu-Negros-Panay Stage 3 Backbone Project (CNP3), which is crucial to the full operation of the P51.3-billion Mindanao-Visayas Interconnection Project (MVIP), is delayed because of a temporary restraining order (TRO) sought by t...

THE National Grid Corporation of the Philippines (NGCP) said the results of the partial review of its performance and operations conducted by the Energy Regulatory Commission (ERC) were unfair and traced the situation to ERC’s failure to conduct a reg...

Electricity rates for this month will go up by P0.2347 per kilowatt hour (kWh) to P12.0545 per kWh, the Manila Electric Co. (Meralco) announced Thursday.

ACEN Corp. reported a net income of P6.6 billion at end-September this year, up by 59 percent from the same period a year ago, boosted by gains from the sale of its stake in geothermal power plants in Indonesia.

The Manila Electric Co. (Meralco) and US-based nuclear developer Ultra Safe Nuclear Corp. (USNC) began on Monday night the pre-feasibility study for the development of micro modular reactors (MMR) in the Philippines.

Petron Corp. reported a 16-percent jump in net income in January to September this year owing to volume improvements across major business segments.

STATE-run pension fund Government Service Insurance System (GSIS) is investing P1.45 billion in Alternergy Holdings Corp. (PSE: Alter), according to the publicly-listed renewable energy (RE) firm.

In separate advisories, gasoline prices will go up by P0.45 per liter. Diesel and kerosene prices, meanwhile, will go down by P1.25 per liter and P1.20 per liter, respectively.
The post Diesel, kerosene prices cut by ₱1.25/liter, gas up P0.45 first app...

A competitive bidding for the development of microgrid systems in remote areas scheduled by end of this year is expected to benefit over 15,000 households, the Department of Energy (DOE) said.
The post ‘Bidding for microgrid system devt good for 15k ho...

The average electricity spot market prices in Luzon as of October 28 rose to P6.74 per kilowatt hour (kWh) from the previous month’s average of P4.87 per kWh, as plant shutdowns reduced power supply.
The post IEMOP: Power spot market prices in Luzon up...

Lopez-led Energy Development Corp. (EDC) is preparing a P60-billion “war chest” to cover the cost of drilling 40 new geothermal wells and enhance the performance of its existing wells.
The post EDC beefing up ‘war chest’ for new geothermal wells first ...

AFTER more than two months of pump price increases, oil firms announced Monday they will bring down prices of their petroleum products this week.
The post 11-week oil price hike streak ends, but increases still possible until December first appeared on...

Electricity rates are on a downward trend as demand has fallen and the prices of the type of fuel sourced by power distributors have declined, according to the Department of Energy (DOE).

In a bid to accelerate the government’s electrification program, the Department of Energy (DOE) is now crafting the best way to auction unserved areas to interested microgrid system providers (MSPs).

THE Department of Energy (DOE) has crafted a circular that will include hydrogen fuel as among the energy sources governed by Presidential Decree 87 (PD 87) or the Oil Exploration and Development Act of 1972. 

The Department of Energy (DOE) has moved the deadline for the submission of post-auction requirements for the second round of the Green Energy Auction (GEA-2) by a month.