Energy
Energy sector cheers Marcos Jr.’s prompt ERC appointments
The energy sector has expressed optimism following President Ferdinand Marcos Jr.’s swift move to resolve the leadership gap at the Energy Regulatory Commission (ERC), a critical regulatory body overseeing electricity pricing and industry practices.
Fourth GEA iteration draws 230+ bids for 10,653 MW in renewable projects
A total of 142 renewable energy (RE) companies have qualified under the fourth iteration of the Department of Energy’s (DOE) Green Energy Auction (GEA4), submitting over 230 project bids targeting 10,653 MW of capacity.
Caltex imposes another fuel price hike this week
Caltex will raise pump prices again starting 6:01 a.m. Thursday, 17 July, marking its second fuel price hike this week. Gasoline and kerosene will go up by P0.20 per liter, while diesel will rise by P0.35, the company announced.
ERC leadership void delays GEA5, risks offshore wind progress and policy certainty
The Department of Energy (DOE) has warned that the fifth round of the Green Energy Auction (GEA5), which will include the country's first offshore wind (OSW) projects, may be delayed due to the ongoing leadership vacuum at the Energy Regulatory Commission (ERC).
Alternergy declares first cash dividend for common shares
Alternergy Holdings Corp. has declared its first cash dividend for holders of common shares since its initial public offering in March 2023, highlighting the listed renewable energy company’s growth and financial stability.
