The Department of Energy (DOE) is eyeing to issue an amended Circular that will simplify the award of petroleum service contracts (PSCs) to interested investors in the country’s upstream oil and gas industry. In a draft Circular that was furnished to the relevant industry stakeholders, the energy...
The strain on consumers’ budgets will continue next week, especially with gasoline prices which are expected to rise heftily by P1.30 to P1.70 per liter, based on the calculation of the oil companies. For the other fuel commodities, diesel prices are projected to increase by P0.40 to P0.80 per...
The Philippines has fallen in the 2024 global ranking that assesses how economies balance energy security and access with environmental sustainability and affordability. In this year's Energy Transition Index (ETI) by the World Economic Forum (WEF), the Philippines dropped to 105th out of 120...
Motorists using diesel will be greeted with cheers at the domestic pumps this week, as the price of this commodity will be reduced by a significant P1.20 per liter, based on the pricing adjustment advisories of the oil companies. For those filling up their vehicles with gasoline, the price cut will...
Motorists using gasoline products will be greeted with more favorable news at the pumps this week as the price of this commodity will be reduced by P0.90 per liter, according to the pricing advisories of the oil companies. Conversely, however, those filling up their vehicles with diesel will...
As tropical storm Aghon exits the country, the Department of Energy (DOE) said it is coordinating power restoration efforts, specifically the repair of power lines. In an interview with PTV on Tuesday, May 28, Energy Assistant Secretary Mario Marasigan clarified that the storm did not cause any...
Around eight power plants have shut down due to the onset of Tropical Storm Aghon, which may trigger a red alert next week, according to the Department of Energy (DOE). The energy department recorded a total of 26 plants that have currently gone to a forced outage. In a briefing on Monday, May 27,...
An official from the Department of Energy (DOE) has reported a better power situation in Luzon due to improved stability in the region's electricity supply. Energy Assistant Secretary Mario C. Marasigan told reporters on Friday, May 24, that the power outage was reduced to 1,600 megawatts while the...
The onslaught of bad news is coming endless for consumers, as another wave of financial pain will further squeeze their pockets with anticipated price hikes at the gas pumps next week. According to the oil companies, the price of gasoline products will rise by P0.45 to P0.85 per liter; while diesel...
It was another round of ‘madness’ for millions of Filipino consumers before the strike of midnight on Thursday (May 23), as most parts of Luzon grid had been tormented with one to 1.5-hour rotational brownouts. In the franchise area of Manila Electric Company (Meralco) alone, more than 487,000...
Senator Sherwin Gatchalian on Friday, May 24 took the Department of Energy (DOE) and the Energy Regulatory Commission (ERC) to task in penalizing power-generating plants that may have breached their reliability index. Gatchalian’s call came in the face of looming rotating power outages,...
BACOLOD CITY – Mayor Alfredo Abelardo “Albee” Benitez here is asking the Department of Energy (DOE) for a price cap amid the increasing power rates. BENITEZ (Glazyl Masculino) "I have just asked DOE Undersecretary (Sharon) Garin if we can trigger the provision of the Energy Regulatory...
