The financial affliction of the coronavirus pandemic, which triggered backlog in feed-in-tariff (FIT) payments to qualified renewable energy (RE) developers, is also seen to delay the reduction in subsidy costs for these clean energy technologies. According to Atty. Melvin Matibag, president of the...
The Department of Energy (DOE) indicated that it will reply to and would tackle all allegations on the sale of Malampaya shares in a proper forum, including in a fair trial that may be carried out in judicial bodies. In its response to the issues thrown by the Integrated Bar of the Philippines...
Gasoline products are being rolled back anew by P1.10 per liter while diesel prices will be trimmed by P0.60 per liter. Kerosene, which is the other commodity in the triumvirate of weekly price adjustments, will also have a price cut of P0.50 per liter, as announced by the oil companies. As of...
The Philippine Electricity Market Corporation (PEMC), which is the governing entity of the Wholesale Electricity Spot Market (WESM), has inked a deal with the United Nations Office for Project Services (UNOPS), for the relevant parties to concretize energy transition roadmap that will primarily be...
The Department of Energy (DOE) is seeking additional support from oil companies so they can chip into the “Pantawid Pasada program”, which subsidizes the fuel cost for the transport sector. The DOE initiative is on top of the P1-billion fuel subsidy released by the government to assist public...
The Integrated Bar of the Philippines (IBP) has asked the Department of Energy (DOE) to rescind the approval it granted to Udenna Corporation for the acquisition of the 45 percent shareholdings of Chevron Corporation in the multi-billion Malampaya deep water gas-to-power project. In a statement,...
The operator of the Malampaya gas field is scheduling at least four "production holds" or gas restriction occurrences next year, according to the Department of Energy. “Based on the submitted document from SPEX (Shell Philippines Exploration B.V.), there will be four scheduled ‘production...
In line with the Philippine government’s decarbonization commitment to the 26th Conference of the Parties (COP) Climate Change Summit, the Department of Energy (DOE) has projected of more than P4.874 trillion worth of "green investments" that could be rolled out in the country. According to...
Panay Energy Development Corporation (PEDC) submitted the ‘lowest bid’ in a competitive selection process (CSP) carried out by power utility giant Manila Electric Company on Friday, Nov. 19, for its procurement of additional 70-megawatt supply. According to the third party bids and awards...
Surigao del Sur Rep. Johnny Pimentel has called for the Department of Energy (DOE) to assure the “seamless transfer” of Malampaya’s day-to-day gas business amid calls for a probe of Shell Petroleum B.V.’s $460 million operator switch to Udenna Corp. “We are counting on a smooth handover...
Motorists will be in massive financial relief next week, as oil prices will be on another round of big-time rollbacks, according to the calculation of oil companies. Based on industry estimates, the price of gasoline will be trimmed by P1.10 to P1.20 per liter; diesel by P1.20 to P1.30 per liter;...
Aboitiz Power Corporation has committed to their host communities of continued support as it injects more fund to help alleviate the economic woes of people across its project sites. This developed as the Department of Energy (DOE) remitted P714 million to Aboitiz Power. The P714-million financing...
