PH coal consumption rises amid surging power demand
The Philippines’ coal consumption continues to rise, driven by growing power demand despite the government’s push for renewable energy. In a report by the Philippine Star, the International Energy Agency (IEA) stated that coal use in the Philippines likely increased by 5% in 2024 to 42 million tons, up from 40 million tons in 2023.
PE2: 2024 seen as momentous due to regulatory advancements in energy efficiency
Philippine Energy Efficiency Alliance (PE2) considers 2024 a momentous year for the country, as it called for further regulatory advancements and improved market conditions to amplify the effectiveness of the Energy Efficiency and Conservation Act.
PE2 anticipates boost in EE projects with improved incentives under CREATE law
The Philippine Energy Efficiency Alliance (PE2) anticipates a significant increase in energy efficiency projects seeking registration with the Department of Energy (DOE) and the Board of Investments (BOI) due to the improved incentive package under CREATE MORE law.
Meralco keen on switch from coal to gas
MANILA, Philippines — Power distributor Manila Electric Co. (Meralco) is scrapping its plans to build two coal-fired power plants in Luzon, opting instead to convert them into gas-powered generation facilities.
ADB approves $2.85-M package to support PHL energy transition
THE Asian Development Bank (ADB) has approved a combined $2.85-million package for the Philippines to address climate change and expand access to renewable energy.
Geothermal energy development faces challenges in Indonesia, Philippines
As part of the Pacific Ring of Fire, Indonesia and the Philippines possess rich geothermal resources, and both governments are actively investing in their development.
Gasoline pump price hike set Tuesday; rollback for diesel and kerosene
Pump prices of gasoline will be increased for the second straight week starting Tuesday, while those of diesel and kerosene will be rolled back.
House committee approves tax perks section of decarbonization measure
A HOUSE OF REPRESENTATIVES committee approved on Monday the tax incentive package contained in a bill seeking to regulate the low-carbon economy.
