ALMOST 300 entities are expected to participate in the Philippines’ Renewable Energy Market (REM), which is expected to become fully operational on Dec. 26, the Department of Energy (DoE) said on Monday.

MANILA – The Energy Regulatory Commission (ERC) expects to complete the rate reset for the National Grid Corporation of the Philippines (NGCP) by next month.

A SERIES of rate cuts totaling 75 basis points (bps) by the Bangko Sentral ng Pilipinas (BSP) this year could reduce the funding costs of energy companies and boost renewable energy capacity, analysts said.

As the year nears its close, Ayala-led ACEN Corporation anticipates a strong performance in 2024, driven by increased energy capacity and new projects.

THE national government is keen on privatizing the Casecnan dam to shore up revenues for next year, according to the Department of Finance (DOF).

YUCHENGCO-LED San Jose Green Energy Corp. has switched on a 19.6-megawatt-peak (MWp) solar power plant in Nueva Ecija, adding power to the Luzon grid.

AdventEnergy Inc., the retail electricity supply (RES) arm of Aboitiz Power Corp., said it expects to sign contracts for 50 megawatts to 60 MW of power capacity valued at P1.8 billion next year.

SN ABOITIZ POWER Group has tapped a Chinese firm to build the second phase of its Magat Battery Energy Storage System in Ramon, Isabela with a capacity of 16 megawatts.

Lihangin Wind Energy Corp. asked the Energy Regulatory Commission for provisional approval to connect its 206.25-megawatt San Isidro wind power project to the Visayas grid through a point-to-point limited transmission facility.

MANILA, Philippines — The Philippines’ drive toward energy security and sustainability has received a major boost as the joint power venture among three of the country’s biggest tycoons moves a step closer to completion.