Filipino motorists will experience additional financial burden as prices of diesel products will rise by P2.10 per liter, while gasoline prices will escalate by P1.90 per liter effective Tuesday, July 18. Kerosene, which is the other commodity in the triumvirate of weekly price adjustments, will...
A joint task force of the Energy Regulatory Commission (ERC) and Department of Justice (DOJ) is being pushed, purposively to prosecute erring players in the restructured power industry. “What we’re trying to work out with the DOJ is the procedure … so we might form a task force to enforce the...
The Energy Regulatory Commission (ERC) will be prescribing new green energy auction reserve (GEAR) prices for the 8,160 megawatts of unsubscribed volumes in the recently-concluded renewable energy (RE) capacity tendering of the Department of Energy. ERC Chairperson Monalisa C. Dimalanta indicated...
Listed firm Alternergy Holdings Corporation (Alternergy) is well on its way into building up its renewable energy (RE) portfolio after winning three additional contracts from the State-managed Green Energy Auction-2 (GEA-2) program. The awarded project-contracts to be covered by 20-year power supply...
The Energy Regulatory Commission (ERC) is seriously weighing the resumption of collection of the P0.0364 per kilowatt hour (kWh) feed-in-tariff allowance (FIT-All) in the electric bills of all consumers, amid dwindling subsidy fund for renewable energy (RE) capacities. According to ERC Chairperson...
The country’s power supply woes may soon ease as President Ferdinand R. Marcos Jr. has vowed to further improve the bureaucratic processes, particularly in the energy sector, to attract more investors. While we already have Republic Act 11032 (Ease of Doing Business Act of 2018), a law that cuts...
San Miguel Global Power Holdings (SMGP), the electricity generating subsidiary of conglomerate San Miguel Corporation (SMC), has bewailed the higher electricity rates that consumers are now paying after the Energy Regulatory Commission (ERC) denied its tariff adjustment application last year. “It...
The Department of Energy (DOE) is trying to sway all government-run institutions to embrace solar solutions in meeting their energy needs to break the country’s cycle of vulnerability to volatile global fuel prices. According to the energy department, perfect candidates for solar installations in...
The Department of Energy (DOE) has issued notice of awards (NOAs) to 105 winning bids in the second round of green energy auction (GEA-2), an exercise that partly fulfills the country's renewable energy (RE) development roadmap. The winning project-developers will be awarded with 20-year power...
Senator Raffy Tulfo on Wednesday, July 12, called for a review of the franchise tax of the National Grid Corporation of the Philippines (NGCP) amid delays in the completion of its 37 transmission projects. Sen. Raffy Tulfo presides over the Senate Committee on Energy hearing on the Department of...
President Ferdinand "Bongbong" Marcos Jr. has renewed his commitment to improving the bureaucratic process in the energy sector to allow investors to come and do business in the Philippines easily. *President Ferdinand 'Bongbong' Marcos Jr. (RTVM Screenshot)* Marcos said this as he led the...
As the country boosts its efforts toward energy security, President Ferdinand "Bongbong" Marcos Jr. welcomed the commitment of a Japanese financial services company to helping the Philippines bridge its transition from fossil fuel to renewable energy. *President Ferdinand 'Bongbong' Marcos Jr....
