The pursuit of alternative fuels is top of mind among policy planners in the pursuit of a stable and cost-effective energy sources to run the various industries, the Department of Energy (DOE) said on Wednesday.
Renewable energy developer Alternergy Holdings Corp. is prepared to spend up to P20 billion over the next three to five years and install 350 megawatts (MW) worth of new energy projects.
The Energy Regulatory Commission (ERC) on Monday bared the likelihood of lifting the so-called secondary price cap at the Wholesale Electricity Spot Market (WESM), the idea having been already presented to President Ferdinand Marcos Jr. in meeting with the Private Sector Advisory Council (PSAC) last week.
The Mindanao-Visayas interconnection project (MVIP) is 80 percent complete and can already transport power between the island groups, according to the Department of Energy (DOE).