Power utility giant Manila Electric Company (Meralco) will refund the ‘generation charge overbilling’ that it has passed on in the February electric bills that had been invoiced by its power suppliers feeding on liquefied natural gas (LNG) as well as components of capacity generated from the...
The Energy Regulatory Commission (ERC) has clearly stipulated that clearance shall be secured first before Manila Electric Company (Meralco) can pass on costs relating to procured supply from plants running on liquefied natural gas (LNG) – and that is primarily applied to its contracted...
Roughly 8.0 million customers of Manila Electric Company (Meralco) will live through financial torment when they receive their February bills, as the overall rate of the country’s biggest power utility will rise by P0.5738 per kWh. On account of that, Meralco announced that the all-inclusive...
The household budgets of customers served by power utility giant Manila Electric Company (Meralco) will be stretched thin this February, because the all-inclusive electricity rate to be passed on by the giant utility firm is anticipated to increase in this billing cycle. According to Meralco Vice...
The Department of Energy (DOE) has been in talks with the consortium-members of the Malampaya gas field project on prospects of retaining the oil-linked gas pricing formula in the targeted new gas sale and purchase agreements (GSPAs) that shall be cemented for the 15-year service contract extension...
Power utility giant Manila Electric Company (Meralco) will be issuing amended terms of reference (TOR) for its competitive selection process (CSP) on the targeted 1,800-megawatt capacity procurement that is scheduled for tenders-submission on December 27 this year. In a briefing with reporters,...
TOKYO, Japan —The Philippines remains in a "deadlock" in resolving the energy exploration issues in the West Philippine Sea (WPS), President Marcos said. President Ferdinand 'Bongbong' Marcos Jr. (Photo courtesy of Malacañang) Marcos emphasized the need to resolve the increasing tensions in the...
DUBAI, UAE – Raising warning that current policies and ‘business-as-usual’ development business models have been catapulting the planet’s tumble into ‘crash and burn’ with 3.0-degree Celsius temperature rise, United Nations Secretary General Antonio Guterres sent a clear message to all...
ATHENS, Greece – The players in the liquefied natural gas (LNG) sector are well aware that they are in the ‘hot seat’ at the ongoing 28th Conference of the Parties (COP) Climate Change Summit, hence, the industry is pressing for collaborative decarbonization strategy that will mainly focus on...
ATHENS, Greece – Energy markets depending on liquefied natural gas (LNG) to fuel the chain of their economic activities will have to brace for continued volatility and ‘high priced’ era of gas as this scenario in markets is seen to linger for a longer period of time, according to global...
A forbidding ‘moment of truth’ will confront the oil and gas industry at the 28th Conference of the Parties (COP28) Climate Change Summit in Dubai, as this is the main sector being pressed for radical reduction in carbon emissions so it can keep pace with the 1.5 °C global temperature rise...
ATHENS, Greece – Players in the global liquefied natural gas (LNG) sector are re-assessing the impact of high gas prices as well as targets of infrastructure development expansion amid the transitioning of many energy markets into cleaner energy solutions. At the World LNG Summit that will kick...
