The Energy Regulatory Commission (ERC) has postponed its decision on several proposed rate hikes for the universal charge for missionary electrification (UCME), which funds off-grid power plants across the Philippines.
Citicore Renewable Energy Corp. (CREC) is allocating over P35 billion in capital expenditures (capex) this year as part of its growth plan, with the company aiming to end 2025 with approximately 1,200 megawatts (MW) in operational projects.
The Department of Energy (DOE) is providing significant support to 16 pioneering offshore wind (OSW) projects, collectively set to generate a substantial 16,652 megawatts (MW) of electricity.
DMCI Power Corporation (DPC), a leading off-grid energy provider in the Philippines, reported a record 491.2 GWh in energy sales for 2024, marking a 9 percent increase over the previous year.