At least nine power generation firms have signalled their interest in joining the competitive selection process to supply 600 megawatts of baseload power to the Manila Electric Company.
The Department of Energy announced Tuesday that the suspension of the fifth Green Energy Auction Program will end in September, with the actual bidding for up to 3,300 megawatts of offshore wind capacity targeted for December 1, 2026.
The Department of Energy (DOE) says it will hold a series of meetings with other government bodies to carry out President Marcos’ order to scrap systems loss charges and their corresponding value added tax, a move meant to bring down electricity costs for all consumers.
President Ferdinand R. Marcos Jr.'s endorsement of the latest Malampaya gas discovery in his 2026 State of the Nation Address has put fresh focus on the role of Prime Energy and its partners in extending the life of the country's biggest indigenous energy asset as the Philippines races to strengthen energy security.
Manila Electric Co. (Meralco) has backed President Ferdinand R. Marcos Jr.'s call to amend the Electric Power Industry Reform Act (EPIRA), but cautioned that scrapping system loss charges will require reforms that protect both consumers and the long-term stability of the country's power grid.