Generation companies (GenCos) in the Philippines have been ramping up hedging mechanism on their power capacity contracting via the trading platform hosted by US firm Green Tiger Markets (GTM) in Singapore. In a statement to the media, GTM indicated “we expect significant volume to get hedged...
Via its continuing caravan, the Energy Regulatory Commission (ERC) has already started scrutiny of the power supply agreements (PSAs) underwritten by servicing power utilities in the off-grid domains or those that are not physically connected to the main grid. The examination of the power supply...
The Energy Regulatory Commission (ERC) has issued its revised rules on the issuance of certificate of compliance (COC) or the license that will govern the standards, requirements as well as procedures in the operations of power plants in the country – primarily the greenfield or new electric...
Budgets for electricity bill payments will come heavier on the pockets of Manila Electric Company (Meralco) customers as its overall tariff had escalated by P0.4201 per kilowatt hour (kWh) in its October billing cycle to P11.8198 per kWh vis-à-vis P11.3997 per kWh last month. For its subscribers...
Maynilad Water Services, Inc. said it will upgrade the storage capacity of Bagbag Reservoir in Quezon City to enhance service reliability for households and other consumers in the west zone. In a statement, Maynilad said it allotted P1.7 billion to construct a new chamber in the underground...
The Asian Development Bank (ADB) is currently undertaking studies on ‘de-risking strategy’ that can be employed in the planned development of the array of geothermal power development prospects in the country. According to Energy Undersecretary Rowena L. Guevara, the de-risking roadmap “will...
President Marcos was not surprised by the decline of his approval ratings, saying he completely understood the public's sentiments, especially on the issues surrounding the supply and price of rice in the country. President Ferdinand ‘Bongbong’ Marcos Jr. (Bongbong Marcos/Facebook) Marcos said...
President Marcos has lifted the temporary price ceiling on rice starting Wednesday, Oct. 4. President Ferdinand 'Bongbong' Marcos Jr. (Noel Pabalate) "Well, I think it’s the appropriate time since namimigay tayo ng bigas (since we are giving out rice). Yes, as of today, we are lifting the price...
The targeted mandatory pie for power supply agreements (PSA) anchored on gas-fed power generating facilities will just be confined to gas volumes that will be extracted from the Malampaya field, according to a ranking Department of Energy (DOE) official. Energy Undersecretary Rowena L. Guevara...
The Metropolitan Waterworks and Sewerage System (MWSS) said rehabilitating the dams is one of the many testaments to its initiatives in water management. In a forum on Monday, Sept. 25, four Philippine water delegates discussed possible ways and strategies to better manage water with the Danish...
President Marcos reassured the public that the Philippines had enough rice supply, but admitted that the agriculture sector needed to be fixed. RICE DISTRIBUTION — President Marcos hands over a sack of rice to one of the beneficiaries at the University of Saint Anthony in Iriga, Camarines Sur, on...
Alcantara-led Alsons Power Group will be constructing a 95.5-megawatt baseload power facility that will cater to the back-up energy needs of Bohol province; and will prospectively end its lingering dilemma of electricity service interruptions especially when extreme weather events would hit. The...
