Stay informed of 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 Power Industry’s Regulatory sector that are shaping the energy landscape: Spotlight: DOE orders creation of nuclear energy body The Department of Energy (DOE) will soon create a committee dedicated to achieving a 2,400-megawatt nuclear power capacity for the country by 2032. The soon-to-be-formed committee is part of DOE’s Phase 2, following the completion of Phase 1 which involves the initial plans and various studies on establishing a power plant program accomplished by DOE-Nuclear Energy Power Implementing Organization. New power plants drive down wholesale electricity prices The entry of more power plants had a softening effect on prices in the Wholesale Electricity Spot Market (WESM) last year. The influx of more RE sources significantly impacted the increase in average supply for 2023, reaching 15,645 MW, marking a 17% increase from the 13,375 MW average supply in 2022. READ MORE: https://www.philstar.com/business/2024/02/08/2331669/doe-orders-creation-nuclear-energy-body https://bilyonaryo.com/2024/02/02/new-power-plants-drive-down-wholesale-electricity-prices/power/ Image sources: Philippine Nuclear Research Institute, AES Philippines Do you want to stay abreast of the headlines in the Philippine Power Industry? Subscribe to our weekly newsletter today! Talk to our energy professionals by sending an email to info@mabuhayenergy.com. Mabuhay Energy, Your Partner For Growth. Our roster of enthusiastic and experienced energy professionals is ready to make your electricity savings a reality! Visit mabuhayenergy.com or email us at sales@mabuhayenergy.com to begin your energy savings journey! 🔌