Local renewable energy firm NexGen Energy Corp., through its unit 5hour Peak Energy Corp., has secured a certificate of authority (COA) from the Department of Energy to pursue a floating solar power project in Caliraya Lake, Laguna.
The Energy Regulatory Commission (ERC) has eased the public listing requirements for power generation companies and electric distributors, streamlining compliance with a key provision of the Electric Power Industry Reform Act (EPIRA).
SPC Power Corp. unit SPC Island Power Corp. (SIPC), has signed contracts to develop battery energy storage systems (BESS) in Panay and Bohol with a combined capacity of 160 megawatt-hours (MWh).
Households and businesses should brace for higher electricity bills in 2025 following two major rulings by the Energy Regulatory Commission (ERC) which will directly impact power rates across the country.