The substantial delay in the regulatory approval of power supply agreements (PSAs) was among the factors blamed in the never-ending high electricity rates burden of the Filipino consumers – and that had been particularly manifest in this year’s summer months because many power utilities were...
The electric bills to be dispatched by power utility giant Manila Electric Company (Meralco) and other power utilities will practically be knocking on forbidden doors this May – but consumers will have no choice but to finally face the ‘fear factor’ of soaring expenses for electricity...
(MANILA BULLETIN) Members of the House of Representatives have issued a stern warning to “abusive” businessmen following the directive of Speaker Martin Romualdez to investigate the price spike on basic goods. In a joint statement on Thursday, April 25,...
As surging costs of ancillary services or power reserves had been pointed to as culprit in electricity rate hikes, the Energy Regulatory Commission (ERC) has directed ‘settlement and billing suspension’ for the reserve market for the March billing period. The stoppage of reserve market...
Baguio City lone district Rep. Mark Go (Facebook) A congressman has appealed to oil companies to bring down their fuel prices in Baguio, as he noted that the high fuel prices haven taken its a toll on consumers. In a House Committee on Energy...
Farmers' group Kilusang Magbubukid ng Pilipinas (KMP) on Tuesday, Nov. 7 responded to the recent statement of the newly assigned Department of Agriculture (DA) Secretary Francisco Laurel Jr. on the "inability" of the country to lower down prices of rice to P20 per kilogram in 2023. (Noel...
The National Economic and Development Authority (NEDA) maintained its stance against a policy rate hike, emphasizing that inflation is primarily driven by supply-side factors. This is after Bangko Sentral ng Pilipinas (BSP) Governor Eli Remolona Jr. said that an off-cycle hike may be implemented as...
Consumers’ financial pain would be back at the pumps this week as the price of diesel products will rise by P1.30 per liter, while gasoline products will also escalate by P0.95 per liter, according to the pricing adjustment advisories of the industry players. Kerosene, which is the other...
Filipino consumers will brace for new wave of roller coaster ride of hefty price hikes at the oil pumps next week, with diesel rising by as much as P1.20 to P1.70 per liter, based on the calculation of the oil firms. For gasoline products, this will also increase by P0.85 to P1.35 per liter; while...
House Speaker Martin Romualdez (Speaker’s office) House Speaker Martin Romualdez has personally warned emissaries of local oil companies that lawmakers won't hesitate to get tough on them if they turn out to be "part of the problem"--the problem being the...
House Speaker Martin Romualdez (Speaker’s office) Nine straight weeks of pump fuel price hikes mean it's time for House Speaker Martin Romualdez to have a friendly chat with local oil companies. “It is common knowledge that oil companies still sell supplies...
The pinch on consumers’ pockets will persist this week as the price of diesel products will rise by P0.40 per liter; while gasoline prices will go up slightly by P0.20 per liter, based on the pricing adjustment advisories of the oil companies. The industry players similarly notified that the...
