Rapid PHL energy transition best for faster economic recovery – private sector

2021-10-29T22:50:17+08:0029 Oct 2021|Tags: , , , , , , , , , |

MAKATI, 29 October 2021 -- Corporate directors stress the urgency to fast track the energy transition in the country, heeding the Code Red warning issued by the Intergovernmental Panel on Climate Change (IPCC) earlier this year. “Evidence clearly shows even before the pandemic that coal has been intermittent and unreliable. As households and the private sector [...]

ERC urged to disallow automatic pass-through fuel costs in power deals

2021-08-25T14:27:11+08:0023 Aug 2021|Tags: , , , , , , , |

by Angelica Yang | August 23, 2021 | Published by BusinessWorld | READ THE STORY HERE THE ENERGY Regulatory Commission (ERC) needs to remove the pass-through fuel cost provisions in power purchase agreements (PPAs) to ensure the least cost for consumers, according to a UK-funded report on the Philippines’ energy transition. “It would be prudent [...]

Experts back DOE, Meralco lead in energy transition

2020-08-25T12:05:23+08:0024 Aug 2020|Tags: , , , , , , |

MANILA, 24 August 2020 – Energy policy experts today affirmed an energy transition is well underway in the Philippines, thanks to bold moves from the Department of Energy (DOE) and the country's largest utility, Meralco. "Debates on pandemic-related power bills are far from resolved but we also believe it's important to share our view that [...]

Consumers should not pay the price for risky coal deals

2019-03-12T12:02:16+08:0019 Feb 2019|Tags: , , , , , , , , , , |

Sara Jane Ahmed Note: This commentary originally appeared in Business World. The rapid drop in the cost of renewable energy has opened new possibilities in energy systems around the world, including the Philippines. Coal has become toxic, both in terms of its high cost to consumers and the negative financial consequences for banks and investors. In [...]