Former employees of state-run National Power Corporation (NPC) who were retrenched due to its privatization roughly two decades ago will finally get their back wages, as underpinned by a Supreme Court ruling on the Drivers and Mechanics Association (DAMA) case; that was also subsequently affirmed...
To institutionalize N-1 contingency in a major transmission backbone in the Luzon grid, transmission firm National Grid Corporation of the Philippines (NGCP) has completed a project that will improve reliability of electricity wheeling in the country’s main power grid. The recently energized...
The Congress-ratified Corporate Recovery and Tax Incentives for Enterprises (CREATE) Act will relax the ‘tax regime’ to be enforced for operators of oil refining facilities in the country. With that re-calibrated taxation policy in the CREATE measure, it was noted that the perturbed state of...
Additional fuel storage had been installed by power provider Isla Norte Energy Corporation (INEC), so electricity supply can be shored up in the service area of Bantayan Electric Cooperative (BANELCO) in Cebu. INEC, which is a tie-up between Garcia-led Vivant Energy Corporation and Gigawatt Power...
The financial predicament of consumers will worsen this week as the price of diesel this week will go up by P1.10 per liter, the highest adjustment for this fuel commodity since the start of this year. For kerosene products, the price hike will also be significant at P1.00 per liter as announced by...
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...
