The consolidated core net income of power utility giant Manila Electric Company (Meralco) was still lower by 11-percent to P5.11 billion in the first quarter versus a heftier profitability of P5.724 billion in the same period last year pulled down by lower energy sales. Nevertheless, the power...
Another notice-to-proceed (NTP) permit was granted by the Department of Energy (DOE) for the installation of an offshore liquefied natural gas (LNG) import facility for a total of six ventures approved so far. Approved is Vires Energy Corporation, which was acquired last year of Filipino listed...
Oil companies have advised of higher prices this week at the scale of P0.45 per liter for gasoline; and P0.35 per liter for diesel products as advised by the oil companies. Another commodity that will have a price hike of P0.65 per liter this week is kerosene, which is an essential fuel used in...
The Philippine Electricity Market Corporation (PEMC), which regulates the Wholesale Electricity Spot Market (WESM), is seeking approval for an additional spot market transaction fees to be slapped to participants of the Renewable Energy Market (REM) to support operational expenses. In its filing...
The Department of Energy (DOE) has entered into a memorandum of agreement (MOA) with the Department of Trade and Industry (DTI) for them to collaborate on the formulation of propounded Philippine National Standards (PNS) for the country’s natural gas industry. Based on the pact sealed by the two...
Senator Sherwin Gatchalian on Sunday expressed fears that the upcoming power outages next month could affect the government’s rollout of the coronavirus (COVID-19) vaccines. According to Gatchalian, there is a strong possibility several parts of Luzon would be experiencing rotational brownouts...
Filipino consumers will need to beef up their fuel budgets as prices at domestic pumps could slightly rise again next week based on the calculations of oil industry players. For gasoline products, the estimates would be an increase of P0.40 to P0.50 per liter while diesel by a marginal P0.25 to...
The country’s electric cooperatives (ECs) are stepping up restoration efforts to bring back electricity supply in many areas that had been recently pummeled by typhoon Bising – primarily those in Visayas and the Bicol region. The National Electrification Administration (NEA), which has...
The power generation companies (GenCos) that are experiencing prolonged outages on their generation facilities could face anti-competitive behavior and economic sabotage raps because they have been violating government-enforced laws and policies, according to the Department of Energy. According to...
The Department of Energy (DOE) is giving its guarantee to the Filipino public that they are not going to suffer brownouts or electricity service disruptions within the stretch of the April-June summer months, as long as demand would remain lean and if there would be no additional major power plants...
The power generation arm of San Miguel Corporation will cough up US$1.0 billion worth of investments for 31 new battery energy storage (BES) projects that it will be deploying in various sites nationwide. The company, in a statement to the media, has emphasized that the BES facilities will have...
The Energy Regulatory Commission (ERC) has instituted new market share limits (MSLs), in terms of capacity installations, that the country’s power generation companies (GenCos) must comply with this year in accordance with the prescriptions of the Electric Power Industry Reform Act. On a...
