As global oil prices crashed to $78 per barrel level, Filipino consumers can look forward to hefty rollback in fuel prices next week, especially for diesel and kerosene products, according to the oil companies. Based on the estimates of the industry players, the price of diesel products will have a...
MANILA/SAN FRANCISCO – The government of the United States is optimistic on the signing of a historic ‘123 Agreement’ on nuclear power with the Philippine government that could help Filipino investors gain access not just to cutting-edge nuclear power technologies – including those of the...
Happy driving days will continue for Filipino consumers next week as oil prices will continue to track downtrend at the domestic pumps, according to the calculation of the oil companies. Based on the estimates of the industry players, the price of diesel in particular will have a heftier rollback...
To fulfill the President’s mandate for the country’s full electrification during his term, the Department of Energy (DOE) is scheduling within this quarter the first competitive selection process (CSP) or auction for the investors being enticed to energize more than 15,000 households along the...
Filipino firm Real Steel Corporation (RSC) has cemented a deal with TotalEnergies ENEOS, a joint venture between French firm TotalEnergies and Japanese firm ENEOS, for a 16.8-megawatt solar photovoltaic (PV) rooftop installation at the former’s manufacturing facility in San Simon, Pampanga. In a...
Despite forecasts of ‘yellow alert’ that could strain Luzon grid, the Department of Energy (DOE) is trying to lean on a 700-megawatt supply buffer or reserve margin to avert incidents of electricity service interruptions during the October 30 Sangguniang Kabataan (SK) and barangay elections....
Senator Sherwin Gatchalian on Thursday, October 26 urged the Department of Energy (DOE) and all distribution utilities, such as the Manila Electric Co. (Meralco), to ensure ample power supply in the upcoming barangay and Sangguniang Kabataan (SK) elections, particularly in areas declared by the...
The Department of Energy (DOE) emphasized the significance of finishing key infrastructure projects in country in order to attain the renewable energy (RE) target by 2040. At the 49th Philippine Business Conference and Expo, Energy Assistant Secretary Mario Marasigan presented the DOE’s...
In the country’s bid for nuclear power development renaissance, the Philippine government – through the Department of Energy (DOE) – has been in search for viable financing tools and instruments that shall underpin planned deployments not just of the small modular reactors (SMRs) but also...
In an effort to mitigate the current oil prices, President Marcos wants to reduce the trigger period for fuel subsidy from three months to one month, the Department of Energy (DOE) said. In a statement, Energy Secretary Raphael P.M. Lotilla said that Malacañang wants to change the language of the...
President Marcos has ordered to reduce the trigger period in providing fuel subsidy to the transport sector. President Ferdinand 'Bongbong' Marcos Jr. presides over a sectoral meeting in Malacañang on Oct. 24, 2023. (Photo courtesy of PPA Pool/KJ Rosales) From three months, the...
The proposal for a ‘no reserve price’ condition on the targeted 3rd green energy auction (GEA-3) for geothermal could trigger unwarranted “regulatory uncertainty’ for project developers and all investors in this technology’s supply chain, the Energy Regulatory Commission (ERC) has warned....
