The Marcos administration is weighing the reversal of the government’s restrictive coal policy as the country grapples with the dual pressures of surging summer demand and volatile global energy prices. Energy Secretary Sharon Garin told reporters on Monday, April 20, that the Department of...
While fuel prices are expected to drop next week, Manila Electric Co. (Meralco) consumers will face higher electricity rates this month. Effective April, Meralco will see a ₱0.5335-per-kilowatt-hour (kWh) increase in its power rates, from ₱13.8161/kWh to ₱14.3496/kWh. For households consuming...
Power rates in Luzon may see an increase this month, as its average spot market price posted the highest jump among the three regions due to the power supply-demand imbalance experienced in March. In a media briefing on Wednesday, April 8, Independent Electricity Market Operator of the...
Ayala-led renewable energy (RE) firm ACEN Corp. remains the largest retail electricity supplier (RES) in the market, having taken over the majority of the franchise area of Manila Electric Co. (Meralco). According to Philippine Electricity Market Corp. (PEMC), ACEN’s RES arm captured 71 percent...
The government should address persistent competition barriers in the retail electricity market to widen consumers’ ability to purchase power from their preferred suppliers, according to the antitrust watchdog Philippine Competition Commission (PCC). In a statement on Monday, April 6, the PCC said...
While there is no specific provision calling for immediate economic relief for the middle class families is stated in the report, Sen. Sherwin Gatchalian said the suspension of the excise tax, as well as the possibility of suspending the value added tax (VAT) may benefit all households. Gatchalian...
LEGAZPI CITY, Albay – More than 44,000 Albay Electric Cooperative customers here are set to receive a one-time subsidy of P300, Mayor Hisham Ismail said on Friday, March 27. Ismail said the financial assistance for residential meter holders is part of the city government’s initiative to cushion...
Senator Sherwin Gatchalian urged the Energy Regulatory Commission (ERC) to ensure that any increase in power rates would be implemented on a staggered basis in light of the tensions happening in the Middle East. Gatchalian said doing so would protect consumers from sudden financial distress...
The Caloocan City government has issued Executive Order No. 007-26, directing all city offices to implement measures aimed at conserving fuel and electricity. According to the city’s Public Information Office, the order was signed by Mayor Dale Gonzalo “Along” Malapitan, adopts the provisions...
ILOILO CITY – Almost 150,000 poor families in Western Visayas region can avail of free electricity under the Lifeline Rate Subsidy Program (LRSP). Under the LRSP, families consuming 50 kilowatt hours (kWh) or less per month are entitled to 100 percent free electricity. The Department of Energy...
President Marcos said a stable electricity supply is essential to productivity and economic opportunity, as he positioned the Caliraya-Botocan-Kalayaan (CBK) hydroelectric complex as a key stabilizer of the Luzon power grid. During the project’s turnover ceremony in Laguna on Monday, Feb. 9, the...
Senator Francis “Chiz” Escudero said on Thursday, January 8 that electricity sales should be exempt from the 12-percent value-added tax (VAT). Escudero made the remark as he acknowledged Executive Secretary Ralph Recto’s recent statement cautioning against proposals to revert the expanded VAT...
