The Department of Energy (DOE) said the trading of renewable energy certificates (RECs) will start on Dec. 26, 2024, marking the full commercial operation of the Renewable Energy Market (REM).
LAOAG CITY—The newly constructed single-phase primary line of the Ilocos Norte Electric Cooperative (INEC) ended power woes among the Indigenous Peoples (IPs) community in the small town of Adams in Ilocos Norte. The IPs are often isolated during typhoons.
The Energy Regulatory Commission (ERC) has firmed up the intricate ‘tariff-setting parameters’ or price determination methodology that will anchor the 20-year power supply agreements (PSAs) in the third Green Energy Auction (GEA-3) to be administered by the Department of Energy (DOE) – targeting 100 megawatts of geothermal and a robust 4,375 MW of hydroelectric capacities.
MANILA – Senate Majority Leader Francis Tolentino on Friday urged the Energy Regulatory Commission (ERC) to address power rate resets, citing its handling of the Manila Electric Corp.’s (Meralco) rate reset process.
ACEN CORP. is earmarking about P70 billion for its capital expenditure (capex) budget next year.
Senator Francis Tolentino criticized the Energy Regulatory Commission (ERC) for its apparent inefficiency in managing power rate resets.
The administration’s thrust toward the development of green power—particularly of wind, solar and other variable renewable energy (VRE) sources—would be a new magnet for investments, Rep. Luis Raymund Villafuerte said on Saturday.
Filipinos may soon experience relief from the additional burdens linked to paying electricity bills as the Department of Finance (DOF) and the Department of Energy (DOE) have signed a joint memorandum circular (JMC) granting tax exemptions to qualified electric cooperatives (ECs).
BAGUIO CITY – The Benguet Electric Cooperative (Beneco) has started the commercial operation of its 3.4 megawatts (MW) hydro-electric power plant in Buguias, the first electric generation project of the distribution utility.
Power retailer Manila Electric Co. (Meralco) reported a 6.6-percent increase in its power sales from January to November to 49,953 gigawatt-hours (GWh) from 46,866 GWh in the same period last year, driven by higher demand from the residential and commercial sectors.