Energy
PCC warns on auctions as DOE tweaks
The Philippine Competition Commission (PCC) has flagged competition risks in the design of earlier Green Energy Auction Program (GEAP) rounds, prompting the Department of Energy (DOE) to fine-tune its bidding framework as the government pushes to scale up renewable energy capacity.
DOE updates rules for offshore wind auction, clarifies timelines and compliance
The Department of Energy (DOE) has released updated rules for the fifth round of the Green Energy Auction (GEA5), tightening procedures and timelines for offshore wind developers as the country prepares for its first auction dedicated solely to offshore wind projects.
Valero Grand Suites switches to renewable energy under First Gen partnership
Valero Grand Suites by Swiss-Belhotel has transitioned its entire electricity supply to renewable energy, marking a major sustainability milestone for the 271-room hotel in Makati City’s central business district.
P14.36B wind project in Bohol up for public review
A proposed P14.36-billion wind power project in Valencia, Bohol will undergo public scoping in February, according to the Environmental Management Bureau of the Department of Environment and Natural Resources.
ERC allows P31.34B recovery from terminated Meralco contracts
The Energy Regulatory Commission (ERC) approved the recovery of P31.34 billion by four power generation companies following the termination of five power supply agreements (PSAs) with Manila Electric Co. (Meralco) due to a change in circumstances.
