The development of indigenous gas should remain an integral part of Philippine policy as it aids in lowering electricity prices in times of low supply due to bad weather conditions, an official from Razon-led Prime Energy Resources Development (Prime Energy) said. Donnabel Kuizon Cruz, Prime...
While most consumers expected radical spike in electricity rates, power utility giant Manila Electric Company (Meralco) had announced a rather moderate hike of P0.4621 per kilowatt hour (kWh) in its overall pass-on tariff that will be reflected in the bills of consumers this May. For residential...
As supply in the Luzon grid remains wobbly, the Energy Regulatory Commission (ERC) indicated that it will finally act on the deferred pass-on of cost recoveries for the new gas sale and purchase agreement (GSPA) on fuel for power generation lifted from the Malampaya gas field. “On the GSPA,...
Tingog Party-list Rep. Jude Acidre (Ellson Quismorio/ MANILA BULLETIN) House Deputy Majority Leader Tingog Party-list Jude Acidre has joined the chorus of congressman who are urging the Senate to finally pass the bill establishing the state policy...
The Department of Energy (DOE) will be rescinding its order mandating the conduct of joint competitive selection process (CSP) for the electric cooperatives (ECs) in their aggregated procurement of capacities from gas-fired power facilities. According to Energy Undersecretary Sharon S. Garin,...
Albay 2nd district Rep. Joey Salceda (left), and Marinduque lone district Rep. Lord Allan Velasco (Facebook) It's high time for the Senate to act on a proposed law that would lay down State policy for the full development of the Philippine natural...
The consortium-members of the Malampaya gas field will inject up to $800 million worth of investments to stretch the facility’s production life cycle, as anchored on the 15-year extension granted by the government on the project’s Service Contract (SC) 38. As emphasized by Prime Infrastructure...
The Department of Energy (DOE) is seeking for VAT-exemption on the purchase and sale of indigenous natural gas, and the sale of power using indigenous natural gas as part of the fiscal incentives to be granted under the proposed law developing the Philippines’ natural gas industry. Energy...
President Ferdinand "Bongbong" Marcos Jr. (Noel Pabalate/ MANILA BULLETIN) Here's a bold suggestion to President Marcos on the heels of his triumphant participation in the trilateral summit with United States (US) President Joe Biden and Japan Prime...
There is a major silver lining after all to the scorching blow of the summer months, as the electricity rates of utility giant Manila Electric Company (Meralco) will be reduced significantly by P0.9879 per kilowatt hour (kWh) in its April billing cycle. As announced by the power firm, its overall...
The script for market dynamics will be flipped this April because instead of a rate hike, power utility giant Manila Electric Company (Meralco) is hinting at a rate reduction in the electric bills of its roughly 8.0 million customers within this billing cycle. Meralco Vice President and Head of...
The heat will be turned down on household budgets for their cooking fuel this month, as the price of liquefied petroleum gas will be reduced by P1.00 per kilogram (kg) or equivalent P11.00 for the standard 11-kilogram cylinder, as advised by the industry players. Petron implemented its reduced LPG...
