The chain of financial distress at the oil pumps will continue for Filipino consumers, as petroleum product prices are anticipated to rise again at the pumps by Tuesday (September 5), according to the oil companies. Based on the calculation of the industry players, diesel products will increase by...
Anchoring it on average gross domestic product (GDP) growth rate of 6.0 to 8.0-percent, the Department of Energy (DOE) had cast an industrialization pace for the country as articulated in the updated Philippine Energy Plan (PEP) stretching through year 2050. “Consistent with the industrialization...
The Energy Regulatory Commission (ERC) issued advisory to relevant industry stakeholders that it will be holding new round of public consultations on the guidelines underpinning the competitive selection process (CSP) policy being enforced on the distribution utilities (DUs) and electric...
Consumers will feel the heat of a budget swell on their cooking fuel this month as the price of liquefied petroleum gas (LPG) will rise by a hefty P6.64 to P6.65 per kilogram or P73.04 to P73.15 for the standard 11-kilogram cylinder. Leading industry player Petron Corporation advised of LPG price...
The Department of Energy (DOE) is planning to re-calibrate the country’s power mix by opting to retire coal-fired power facilities at the scale of 5,000 megawatts in the medium term. According to Michael Sinocruz, director of the DOE’s Energy Policy and Planning Bureau, that has been one of the...
The Department of Energy (DOE) has been swamped with questions as well as dissent from various quarters on its plan to enforce a policy that will mandate distribution utilities (DUs), primarily those in the Luzon grid, to procure prescribed percentage of their supply from gas-fired power...
Foreign investors in the offshore wind industry are being perturbed with another round of policy uncertainty being thrown their way – this time, it is on the plan of the Department of Environment and Natural Resources (DENR) to enforce "seabed lease" for them to secure rights for ocean floor or...
Accelerating patronage and purchases of electric vehicles (EVs) by consumers will serve as the ultimate stimulus to wider investments on the rollout of commercial-scale EV charging facilities in the country, according to Manila Electric Co. (Meralco) Chairman and CEO Manuel V. Pangilinan. “We...
Power utility giant Manila Electric Company (Meralco) is leading the race on compliance to the Renewable Portfolio Standards (RPS) with 1,880 megawatts of contracted renewable energy (RE) already secured in its supply portfolio. The power firm indicated that it was able to surpass its initial...
The purchasing power of Filipino motorists will be on another round of assault, as pump prices are expected to rise again at the gasoline stations next week, based on the calculation of the oil companies. According to the industry players, the price of gasoline will rise by P0.10 to P0.50 per...
The Department of Energy (DOE) will be issuing guidelines for the "opt-in mechanism" of industry participants on procuring percentage of their required renewable energy-generated supply from a pool of government-awarded RE capacity under the green energy auction program (GEAP). In a draft Circular...
The Department of Energy (DOE) is engaging the relevant industry stakeholders so they can contribute insights and inputs in the updating of the Philippine Energy Plan (PEP) 2030-2050. The energy department advised that the Luzon leg of its information, education and communication (IEC) campaign on...
