Stay informed on the latest happenings and headlines in the Philippine power industry with Mabuhay Energy’s Weekly News Spotlight! This week, we’re featuring key articles from the regulatory sector that are shaping the energy landscape: Spotlight: Philippine Senate approves natural gas bill on 2nd reading The Philippine Senate has approved, on second reading, a bill aimed at promoting the production of indigenous natural gas and liquefied natural gas, which the government considers a transition fuel toward renewable energy. Under Senate Bill No. 2793, or the proposed Philippine Natural Gas Industry Development Act, the Department of Energy (DOE) will oversee strategies to develop the downstream natural gas industry, while the Energy Regulatory Commission (ERC) will monitor the government’s share and other revenues from the production of indigenous natural gas sold to power plants. READ MORE: https://www.bworldonline.com/the-nation/2024/11/05/633115/philippine-senate-oks-natgas-bill-on-2nd-reading/ IEMOP prepares for December launch of renewable energy market The Independent Electricity Market Operator of the Philippines (IEMOP) is preparing to launch the renewable energy (RE) market, with commercial operations expected to begin by December. In a briefing on Thursday, Nov. 7, Arjon Valencia, IEMOP’s corporate planning and communications manager, explained that the organization anticipates the RE market will debut by December, with participation from electric cooperatives (ECs), distribution utilities (DUs), retail suppliers, and other stakeholders across the Luzon, Visayas, and Mindanao grids. READ MORE: https://mb.com.ph/2024/11/7/re-market-to-launch-in-december Image Sources: BusinessWorld, Power Philippines Want to stay updated on the headlines in the Philippine power industry? Subscribe to our weekly newsletter today! Connect with our energy professionals by emailing us at info@mabuhayenergy.com. Mabuhay Energy, #YourPartnerForGrowth