New wave of power plant outages and the recent gas output restriction at the Malampaya field triggered new round of spikes in prices at the Wholesale Electricity Spot Market (WESM), which will be subsequently passed on as rate hike in the consumers’ electric bills for October. In a virtual...
Aboitiz Power Corporation is now ahead of the race, having cemented itself as the top power generator in the country with total national installed capacity of 4,973.435 megawatts, according to a report by the Department of Energy. The Aboitiz firm eclipsed SMC Global Power Corporation of the San...
Power utility giant Manila Electric Company (Meralco) has widened the options for its stockholders on how they would want their cash dividend payments settled. That as the company has announced that it will implement “enhanced dividend payments process” by having a paying agent so its...
The Department of Energy (DOE) is amplifying its bet on the market introduction of Nissan LEAF as a step that can help build up electric mobility (e-mobility) in the Philippines. Nissan LEAF’s market debut in the Philippines- Nissan Philippines Inc. President Atsushi Najima has presented to...
Alsons Consolidated Resources Inc. (ACR) of the Alcantara group has listed its P1.0 billion commercial papers issuance with the Philippine Dealing and Exchange Corporation (PDEx), according to the company’s disclosure with the Philippine Stock Exchange. The P1.0 billion issue forms the second...
To sort out pricing The Department of Energy (DOE) is pushing for new amendments to Republic Act 8479 or the Downstream Oil Industry Deregulation Act – and the specific agenda this time is to define “fair pricing adjustment” at the retail pumps. In a budget hearing in Congress, DOE Assistant...
Major player Pilipinas Shell Petroleum Corporation has upped the ante in this week’s pricing competition at domestic oil pumps as it implemented a heftier rollback of P1.55 per liter on diesel products, beating the P1.50 per liter price cut first enforced by competitor-players Unioil and...
The 414-megawatt San Gabriel gas-fired power plant of First Gen Corporation has been on forced outage due to ‘tripping’ or technical glitch, hence, its capacity is not being made available to the grid. “Unit 70 of the company’s 414MW San Gabriel combined cycle power plant tripped on...
A proposed Natural Gas Industry Bill in the Senate is eyeing to enforce two-tiered permitting for liquefied natural gas (LNG) import terminals to clearly demarcate if the facility is for the own-use of the owner and operator; and a separate permit is required if it targets to market the gas...
Ayala Corporation and its partner UPC Renewables had divested their 20-percent shareholdings in Australian firm Infigen Energy, following failed bid in acquiring the latter’s renewable energy platform. The stake was sold by UAC Energy Holdings (the Ayala-UPC joint venture corporate vehicle) to...
Uy-led Phoenix Petroleum Philippines Inc. has sealed a strategic partnership with state-run Indonesian firm PT Pertamina, for fuel trading which will be channeled through the latter’s Singapore-based subsidiary. The Filipino listed firm disclosed to the Philippine Stock Exchange (PSE) that its...
Private transmission firm National Grid Corporation of the Philippines (NGCP) is stepping up on the upgrade and modernization of its facilities – a move that is also reinforcing the digitalization of its operations which is crucially needed in this time of a pandemic. The company apprised the...
