Senator Pia Cayetano has expressed her belief that the swift passage of Senate Bill (SB) No. 2793, or the proposed Philippine Natural Gas Development Act, would send the strongest signal to investors that there is natural gas waiting to be explored in the Philippines. Senator Pia Cayetano (Senate...
Consumers will have to bear new round of financial strain this week on their daily drive to work as gasoline prices will rise by P0.50 per liter; and diesel by P0.30 per liter, based on the pricing advisories of the oil companies. Kerosene, which is the other commodity in the triumvirate of weekly...
Senator Pia Cayetano expressed confidence in the efforts set next year to drill new gas wells that seek to prolong the life of the Malampaya gas project off Palawan province. Senator Pia Cayetano (Senate PRIB photo) During the interpellation of Senate Bill No. 2793 or the proposed Philippine...
The integration of energy storage system in the forthcoming batch of renewable energy (RE) capacity auction will hike estimated reserve prices by P5.00 to P6.00 per kilowatt hour (kWh), according to the Department of Energy. Energy Undersecretary Rowena Cristina Guevara told reporters that the...
CABUYAO CITY, Laguna – Seventeen individuals were hospitalized due to an alleged chemical leak in a junk shop in Barangay Banay-banay, this city, on Tuesday afternoon, August 20. THE Bureau of Fire Protection contains a chemical leak in Barangay Banay-banay, Cabuyao City, Laguna on August...
Senator Pia Cayetano has sponsored Senate Bill No. 2793, or the proposed Philippine Natural Gas Development Act that seeks to support the full development of the Philippines’ natural gas industry. (Photo from the Facebook page of Senator Pia Cayetano) In her sponsorship speech on Tuesday,...
The regulator-approved pass on of the deferred charges of First Gen Corporation on its gas use for power generation and capital recovery on liquefied natural gas (LNG) import facility investment will hike Meralco rates by P0.32 to P0.33 per kilowatt hour (kWh) starting in its October billing to...
Lopez-led First Gen Corporation is stepping up competition in retail market space of the power industry, as it is strategically gearing up to reign as ‘green solutions provider’ to commercial and industrial (C&I) end-users that are advancing their net zero and sustainability goals. At the...
There’s still no way out for many consumers on upturn in their electric bills, as the pass-on tariff of power utility giant Manila Electric Company (Meralco) will slightly go up by P0.0327 per kilowatt hour (kWh) in this August billing cycle. Following that upward adjustment, the overall rate to...
State-run Philippine National Oil Company (PNOC) is seeking the allocation of P6.02 billion supplemental budget so it can have ready financial capacity to cough up investment in case one of the consortium-members in the Malampaya gas field project would face snags in its capital contribution to the...
Financial reprieve on consumers’ pockets is expected to continue next week as another round of modest price rollback is projected by the oil companies – especially for diesel and kerosene products. Based on the calculation of the industry players, the price of diesel products will likely...
Meralco PowerGen Corporation, the power investment arm of Manila Electric Company, is eyeing to secure approval from the Philippine Competition Commission (PCC) on the triarchy deal that it sealed for the $3.3 billion integrated liquefied natural gas (LNG) project in Batangas province. MGen...
