House Speaker Martin Romualdez (Speaker’s office) The leadership of the House of Representatives is doubling down on its mission statement to help bring down the cost of food and electricity via its investigations at the tail end of the 19th...
A new cascade of financial pressure will be on consumers’ pockets this week as gasoline prices will be rising by P1.10 per liter; while diesel prices will go up by a marginal P0.20 per liter. Propitiously for kerosene products, there will be no cost movement this week, based on the pricing...
A new wave of financial pain could squeeze consumers’ pockets next week, as pump prices could be tracking new wave of increases – primarily for gasoline products, based on the initial calculation of the oil companies. As assessed by the industry players, the price of gasoline will likely rise...
The days of ‘secrecy’ in weekly oil price adjustments are numbered following the Supreme Court’s decision which upheld the fuel cost unbundling policy that the Department of Energy (DOE) initially attempted for implementation via a Circular in 2019. Relative to the high court ruling, former...
A young executive of Aboitiz Power Corporation has spilled the inconvenient truth that renewable energy (RE) developers have been distorting the ‘cheap electricity narrative’ because of their proclivity to downplay other cost components linked to the variability of their technologies –...
The Department of Energy (DOE) is stepping up efforts on the accelerated compliance of government agencies and entities on the mandated 10 percent savings on energy usage that they must achieve, as prescribed under Administrative Order (AO) 15 that was issued by President Marcos early this year. To...
The uptrend in the tariff of Manila Electric Company (Meralco) in its July billing will strain its customers’ household budgets, but a survey of selected power utilities in various parts of the country would show that its rate hike is still leaner versus peer-distribution firms. Meralco announced...
System operator National Grid Corporation of the Philippines (NGCP) forthrightly stated that it can deliver more transmission projects to commercial completion if approvals of the Energy Regulatory Commission (ERC) on its cost recoveries for invested capital could be granted promptly. “With...
System operator National Grid Corporation of the Philippines (NGCP) is batting for regulatory approval on full cost recovery of its P20.94 billion investment in the newly reinforced 500-kilovolt Hermosa-San Jose transmission line, which is now supporting the wheeling of additional capacities in...
Senator Sherwin Gatchalian has called on businesses and residential owners to exercise prudence in using electricity especially during the holiday season as the country experiences a surge in electricity usage. Gatchalian made the call as the country observes the National Energy...
The Manila Electric Co. (Meralco) said it will hold a competitive bidding for 1,800 megawatts of power supply next year after the Energy Regulatory Commission (ERC) approved the termination of its power supply deal with San Miguel's power generation unit. In a statement on Thursday, Nov. 2, Meralco...
The Energy Regulatory Commission (ERC) should thoroughly investigate and verify the National Grid Corporation of the Philippines’ (NGCP) claims they are spending P8.7-billion on janitorial and security services for a purported total of 583 facilities, each costing the company P87,000 per...
