Investors from Norway and the United Kingdom who are placing their investment bets in the offshore wind industry of the Philippines have been reinforcing collaboration initiatives with the Philippine government on sorting out major bottlenecks that could stifle planned capital flow in the nascent...
Philippine companies that are eyeing to invest in small modular reactors (SMRs) are eyeing inclusion in the targeted negotiation for a trade agreement with the United States for planned nuclear technology installations in the country. According to Aboitiz Power Corporation President and CEO...
The Department of Energy (DOE) has admitted that the registration for the rollout of electric vehicle charging stations (EVCS) remains very slow, although there are expectations that this may pick up speed in the months ahead. Director Patrick T. Aquino of the DOE’s Energy Utilization Management...
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 Energy Regulatory Commission has granted the plea of power utility giant Manila Electric Company (Meralco) and its affiliate-firm Panay Energy Development Corporation (PEDC) on their contract price adjustment. In tandem with that ruling of the Commission had also been the approval on a...
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 Securities and Exchange Commission (SEC) has approved the direct public offering (DPO) of Pacerm-1 Energy Corporation which is selling a 15 percent stake to investors in compliance with the requirements of the Electric Power Industry Reform Act. Pacerm-1 Energy operates a diesel power plant in...
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...
