CEBU CITY—The Philippine government is exploring arrangements to reserve petroleum products in overseas storage facilities to secure additional fuel supplies amid continuing tensions in the Middle East.
Semirara is described by the National Association of Electricity Consumers for Reforms as the source of roughly 97 percent of Philippine domestic coal production, and coal remains a major fuel for the power sector. A resource of that scale should be awarded through transparent rules, clear obligations, and competition for the best public benefit.
CEBU CITY—Two coal-fired power projects with a combined capacity of 257 megawatts (MW) are being planned for Cebu to strengthen baseload electricity supply and meet the province’s growing power demand.
Consunji-led Semirara Mining and Power Corp. (SMPC) warned that new bidding rules for the country’s biggest coal mine could bring production to a halt by July 2027, potentially cutting government revenues and putting pressure on electricity prices.
CEBU CITY—National Grid Corporation of the Philippines (NGCP) has assured the Department of Energy (DOE) that it has no intention of delaying the execution of ancillary services procurement agreements (ASPAs) amid the department’s concerns over recent power alerts in the Visayas.
The Department of Energy (DOE) will require oil companies to submit monthly cost reports on liquefied petroleum gas (LPG) and kerosene following the renewed suspension of excise taxes on the two fuels.
CEBU CITY—The Energy Regulatory Commission’s (ERC) move to apply the Secondary Price Cap (SPC) separately to the Visayas and Mindanao grids could cut average wholesale electricity prices by more than half, providing relief to consumers hit by price spikes amid tight power supply, according to the Department of Energy (DOE).
The Department of Energy (DOE) has terminated its 2026 coal bid round covering three areas with established reserves, including coal blocks on Semirara Island, as it reviews the rules for awarding development and production contracts.