The Energy Regulatory Commission (ERC) is seriously considering the establishment of ‘rate affordability tracker,’ so the Filipino consumers can be apprised on the measures as well as policy developments being pursued by the government and industry players on bringing down electricity tariffs in...
“Hope for the best, prepare for the worst” said Energy Secretary Raphael P.M. Lotilla against the backdrop of threatening power service interruptions due to insufficient power supply and oil price spikes that will be reflected in the electric bills of consumers during the summer months. With...
Work and leisure travels will come easier in the pockets of consumers next week, as domestic pump prices will be on hefty rollback by Tuesday (March 21), based on the estimates of the oil companies. As calculated by the industry players, the price of diesel products will be slashed by P1.80 to P2.20...
The energy subsidiaries of diversified conglomerate San Miguel Corporation (SMC) have terminated two power supply agreements (PSAs) with utility giant Manila Electric Company (Meralco), crashing hopes of at least 1,800 megawatts in critical power capacity additions by next year until 2025. In an...
The Department of Energy (DOE) is eyeing the acceleration of electric vehicles (EVs) rollout that will top 6.3 million by 2040; and that shall account for half of all vehicles plying Philippine thoroughfares by then, versus those powered by internal combustion engines. The advancement of electric...
The Energy Regulatory Commission (ERC) indicated that it will be studying the probable rate hikes or cost impact that consumers will have to brace for; once all the gas sale and purchase agreements (GSPAs) for the Malampaya gas field project will expire by next year. ERC Chairperson Monalisa C....
Ayala-led ACEN Corporation has inked a purchase and sale agreement (PSA) with American firm GlidePath for the acquisition of the latter’s eight operating wind projects with aggregate capacity of 136 megawatts in northern Texas. This will be the entry point of ACEN and its partner UPC Power...
Retrofitting existing gas-fired power plants to hydrogen, which is also a business model eyed by several energy firms in the Philippines for their mid-century net zero targets, could take five to seven years, according to an expert from a Japanese global engineering firm. Takakazu Morimoto,...
The Philippines should invest in the liquefied natural gas (LNG) industry at least in the short and medium term to ensure that the country will have sufficient power supply, Sen. Sherwin Gatchalian said on Monday, February 27. Gatchalian made the suggestion as he threw his support behind the...
Pangilinan-led PXP Energy Corporation is seeking anew the imprimatur of the government to recommence its targeted petroleum exploration activities at the “unsettled waters” of the West Philippine Sea. “PXP and Forum will continue to coordinate with the government on the resumption of...
ILOILO City Hall at night. (Tara Yap) ILOILO CITY – The city government is reviewing the waste-to-energy proposal of a subsidiary of Metro Pacific Investments Corp. (MPIC). “We are presently evaluating the proposal submitted,” said Mayor Jerry Treñas in a statement. Metro Pacific Water (MPW)...
Tycoon Enrique K. Razon’s Prime Infrastructure Inc. has agreed to restructure its partnership with Leandro Leviste’s Solar Philippines Power Project Holdings, Inc. (SP) that involves three joint venture companies. In a disclosure to the Philippine Stock Exchange, SP said it has entered into a...
