The exchange and swapping of liquefied petroleum gas (LPG) cylinders between and among oil companies has been proposed in LPG Industry Regulatory Framework Bill, so consumers could gain broader choices when it comes to purchasing their cooking fuels. In the sponsorship speech of Senate Bill 1955...
The outstanding financial obligations of state-run Power Sector Assets and Liabilities Management Corporation (PSALM) had been pared by a substantial P40.103 billion in 2020 to P381.908 billion from a humongous level of P422.01 billion the previous year. The government run firm similarly noted that...
Geothermal investors in the country are batting for ‘insurance-type of incentives’ or ‘mitigation fund’ that seeks the “sharing of cost-risks” with the government, so investments in the sector could be reinvigorated. Atty. Fernando Penarroyo, member of the board of trustees of the...
Consumers will need to shell out more for their fuel budgets this week as the price of diesel products will be higher by P1.05 per liter; while gasoline product costs will rise by P1.00 per liter, according to the pricing adjustment announcements of the oil companies. The price of kerosene, which...
The country’s love affair with coal technology is far from over, as the current official project list of the Department of Energy (DOE) still casts 11,289 megawatts of committed and indicative coal plant projects due for developments in the short to medium term. For committed power...
The Energy Regulatory Commission (ERC) is still firming up the pricing formula for the targeted ‘tariff ceiling’ that shall be instituted for the 2,000 megawatts of renewable energy (RE) capacity auction targeted by mid-June this year. Sharon Montaner, director of the Market Operations Service...
The Department of Energy (DOE) has prescribed capacity requirements that power investors must comply to qualify for “energy project of national significance” (EPNS) status. The minimum plant capacity...
The financial burden of consumers on their fuel budgets will be aggravated this week as the cost of gasoline and diesel products are expected to increase this week. Based on estimates, the price of gasoline will rise between P0.95 to P1.05 per liter; while diesel prices will climb by P1.05 to P1.10...
With plant shutdowns bringing power grids to breaking points again, the Department of Energy (DOE) nudged power plant owners to re-align their maintenance activities to avoid brownouts during the summer months. Energy Assistant Secretary...
The interface of the information technology (IT) platform for the permitting of energy projects under the Energy Virtual One-Stop Shop (EVOSS) is targeted for completion this year, according to the Department of Energy. The initial interface, according to Michael Sinocruz, chief of the DOE’s...
Power utility giant Manila Electric Company (Meralco) has applied for regulatory approval on its proposal to refund to its customers P13.885 billion cost over-recoveries arising from the implementation of its actual weighted average tariff (AWAT) within the lapsed regulatory period from July 2015...
SN Aboitiz Power-Benguet Inc. (SNAP-Benguet), which is a subsidiary company of Aboitiz Power Corporation in a tie-up with Norwegian firm SN Power, has secured P18 billion unsecured notes facility from two local banks, and it utilized the proceeds to prepay loans for its hydropower facility...
