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