The government is preparing a special green energy auction and fast-tracking 150 megawatts of new capacity to guarantee a consistent power supply for Mindanao amid surging regional demand.
THE Court of Appeals (CA) has affirmed the Energy Regulatory Commission’s (ERC) finding that the Philippine Electricity Market Corporation (PEMC) is a government-owned and controlled corporation (GOCC), thus, it is not entitled to certain components of its budgetary requirements for 2018 in the amount of P373.2 million.
The Department of Energy announced the completion and implementation of the Gas Policy Development Project Phase 3, marking a major step in strengthening the foundations of the country’s natural gas sector.
In recent years, economies around the world have faced energy supply disruptions, price volatility, geopolitical conflicts, climate-related challenges, and growing demand for electricity. The Philippines has not been immune to these challenges. Rising power demand, fluctuating fuel costs, transmission constraints, and the need to accelerate renewable energy development have placed increasing pressure on the country’s…
Power transmission network system provider NGCP and the Philippine Coast Guard (PCG) officially formalized a strategic partnership through the signing of a Memorandum of Agreement (MOA) to fortify the security, resilience, and emergency response capabilities surrounding the nation’s critical maritime energy infrastructure.
The China-backed Asian Infrastructure Investment Bank (AIIB) is expected to provide a $200-million loan to co-finance with the World Bank a forthcoming $1-billion policy-based financing package that will support the Philippines’ energy transition, electricity market reforms, and water-sector improvements.
THE BOARD of Investments (BoI) has endorsed P6.32 trillion worth of projects to the “green lane” system of expedited permits as of the end of May, with investments mainly in renewable energy (RE) and food security.
The National Grid Corporation of the Philippines (NGCP) said on Saturday that all of the country’s power grids are stable.
The Bureau of Internal Revenue (BIR) has clarified that the Lifeline Subsidy and the Green Energy Auction Allowance (GEA-All) are not subject to value-added tax (VAT) and withholding tax, confirming their treatment as pass-through charges under existing rules.
The Philippines has no shortage of potential hydropower sites. But unlike the massive river systems traditionally associated with hydroelectric generation, many of the country’s untapped opportunities are smaller, lower-head, and shaped by highly variable water conditions.