August 12, 2022

DoE backs full foreign ownership of renewable energy projects

By Alyssa Nicole O. Tan – August 10, 2022 | 8:26 pm from Business World THE DEPARTMENT of Energy (DoE) said on Wednesday that it supports 100% foreign ownership of renewable energy projects to facilitate the Philippines’ shift to indigenous […]
August 12, 2022

Monde Nissin, EDC ink supply contract

BY LENIE LECTURA – AUGUST 10, 2022 from Business Mirror The Monde Group has inked a power supply deal with Energy Development Corp. (EDC) for the supply of 16 megawatts (MW) for the food brand manufacturer’s 9 facilities in the […]
August 11, 2022

DOE: PHL has enough power reserves for next 6 months

BY BUTCH FERNANDEZ – AUGUST 10, 2022 from Business Mirror Raphael P.M. Lotilla UNDER questioning at a Senate Energy Committee hearing Wednesday, Department of Energy (DOE) officials allayed apprehensions over looming brownouts when asked about the power outlook for the […]
August 11, 2022

IEMOP: Power spot prices rise despite tepid demand

BY LENIE LECTURA – AUGUST 10, 2022 from Business Mirror The average wholesale electricity spot market (WESM) prices last month rose by 4.82 percent to P8.92 per kilowatt hour (kWh) despite lower demand, the Independent Electricity Market Operator of the […]