The customers of Manila Electric Company (Meralco) can heave slight relief in their February billing, as the power utility firm’s overall rates will be down by P0.0704 per kilowatt hour (kwh) to P8.6703 from last month’s P8.7497 per kwh. For residential customers in the usage bandwidth of...
The Energy Regulatory Commission (ERC) has approved the integration of pass-through taxes in the electric bills that will be dispatched by distribution utilities (DUs) to their customers. In a recently issued resolution, the regulatory body has allowed the pass-on of taxes being levied to private...
The Department of Energy (DOE) has officially directed power distribution utilities and electric cooperatives (ECs) on ‘extended no-disconnection policy’ for lifeline residential customers or those that have electricity consumption of 100 kilowatt-hours or less. In an advisory issued by the...
The Power Sector Assets and Liabilities Management Corporation ( PSALM ) has scaled down the reserve price for the 650-megawatt Malaya thermal power facility to P1.845 billion from P2.007 billion for the third round of negotiated sale. This followed after the company failed on its second...
As international prices hit new historic-high of $60 per barrel, pump prices are anticipated to go up between P0.85 to P1.05 per liter across products. Based on the initial...
The Department of Energy (DOE) is targeting to increase to 5.0-percent by volume the biodiesel blend in petroleum products, citing the sufficiency of supply to meet such policy prescription. That was sounded off by Energy Assistant Secretary Leonido J. Pulido III during the international symposium...
Touting that businesses can either be a destructive force or a powerful agent for regenerative change, Lopez-led First Gen Corporation is opting for the latter as it pushes for the developments of decarbonized, resilient and socially-inclusive infrastructure facilities; as well as on pioneering the...
The country’s electric cooperatives (ECs) have raised alarm of highly probable ‘cash flow disruption’ from overly extended ‘no disconnection policy’, as being pushed by some government leaders and interest groups. And if the power utilities’ stream of revenues will be severely...
The Department of Energy (DOE) is giving its word that brownouts will not hamstring the anticipated COVID-19 vaccine rollouts in the coming months, so the country can finally sneak away from the reins of the pandemic. According to Energy Undersecretary Felix William B. Fuentebella, the department...
A pending legislative measure is seeking to refocus the investment mandate of state-run Philippine National Oil Company (PNOC) into exploration and production (E&P) ventures in the oil and gas sector, and for it to transform itself as a global champion in that industry similar to the...
As summer months approach, the governing body of the Wholesale Electricity Spot Market (WESM) has formed a Compliance Committee to keep a tighter watch on strict compliance of trading participants in the country’s electricity spot market. According to WESM governing body Philippine Electricity...
Consumers will need to shell out extra for their gasoline product purchases this week as the price of this commodity will be higher by P0.25 per liter this week, based on the pricing adjustment notices sent by the oil companies. Meanwhile, the price of kerosene will be on rollback by P0.25 per...
