Despite stifled demand because of the re-imposition of enhanced community quarantine (ECQ) in the so-called NCR plus bubble, prices in the Wholesale Electricity Spot Market (WESM) have been hitting record-spikes in recent trading days because of the combined impact of simultaneous power plant...
Conventional wisdom often paints the power sector as a “game for the big boys” – but in the country’s lofty ‘energy transition’ goal, even the “David-like players” are leading the way. They may not be as gigantic as their counterpart-conglomerates in terms of track record and...
State-run National Transmission Corporation (TransCo) has topped the list of government-owned and controlled corporation (GOCCs) in terms of heftiest remittance to the national government with its P8.32 billion worth of dividends. The company said its dividend turnover to the national treasury...
Lopez-led First Gen Corporation has selected Norwegian firm BW Gas Limited for its five-year time chartering of floating storage regasification unit (FSRU) relative to the liquefied natural gas (LNG) import facility that it will be setting up at its Clean Energy Complex in Batangas. In a disclosure...
Gasoline prices at petroleum pumps will increase by P0.65 per liter this week; while diesel and kerosene prices will marginally go up by P0.05 per liter, based on the pricing notices sent by the oil companies. But for industry player Cleanfuel, the upward adjustment it implemented this week was...
Pangilinan-led Metro Pacific Investments Corporation (MPIC) is eyeing a Metro Manila expansion of the 84-kilometer pipeline, which is part of the oil import facility of Philippine Coastal Storage and Pipeline Corporation (PCSPC) that the company acquired last year, in anticipation of growing...
With the completion of the south transmission line in Negros Occidental, Aboitiz Power Corporation said its Carlos Sun Power Inc. (SacaSun) has already started doubling its capacity feed to the Visayas power grid. In a briefing with reporters,...
The Department of Energy (DOE) is reviewing its planning for the country’s energy needs -- with the recalibration touching mainly on the challenges posed by the COVID-19 pandemic as well as the flourishing trends and innovations in the sector. Energy Secretary Alfonso G. Cusi stated that “with...
The European Union, through the Project Renewable Energy for Livelihood and Youth (RELY), has injected funding for the electrification of two (2) remote schools in Cebu with the deployment of solar technology. The beneficiary-schools have been the Carnaza Elementary School and Carnaza National High...
Filipino households can enjoy budget cuts in their cooking fuel this April as the price of liquefied petroleum gas (LPG) has been cut by P3.30 per kilogram (kg), inclusive of value added tax (VAT), or an aggregate P36.30 reduction for the standard 11-kilogram cylinder....
Lopez-led Energy Development Corporation (EDC) has handed over P4.16 million electrification fund to Negros Oriental I Electric Cooperative (NORECO I), a power utility servicing the host community of the power generation firm. The company said the fund remittance is part of the province’s...
The Energy Regulatory Commission (ERC) is appealing to the local government units (LGUs) within the so-called ‘NCR plus bubble’ to allow ‘onsite meter reading’ on consumers’ actual power consumption so another episode of confusing electric billing reminiscent of last year’s chaos could...
