Philippines declares 'national energy emergency'

Manila: Philippine President Ferdinand Marcos declared a state of national energy emergency on Tuesday, citing risks to the domestic fuel supply and...

Manila: Philippine President Ferdinand Marcos declared a state of "national energy emergency" on Tuesday, citing risks to the domestic fuel supply and energy stability created by the Middle East conflict.

The state of emergency was declared just hours after the country's energy secretary said the Philippines planned to boost the output of its coal-fired power plants to keep electricity costs down as the war wreaks havoc with gas shipments.

"A state of national energy emergency is hereby declared in light of the ongoing conflict in the Middle East, and the resulting imminent danger posed upon the availability and stability of the country's energy supply," the executive order released Tuesday evening said.

The order authorises the country's Department of Energy to make advance payments of 15 percent to secure fuel contracts while taking direct action against hoarding or profiteering.

"The declaration... will enable the government, through the (energy department) and other concerned agencies, to implement responsive and coordinated measures under existing laws to address the risks posed by disruptions in the global energy supply and the domestic economy," the order said.