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...
At least 20 distribution utilities (DUs), including electric cooperatives, in the Luzon grid had been ordered to refund over-collections to their customers; and their mandated paybacks range from P0.0014 to P0.6266 per kilowatt hour. (MANILA BULLETIN) According to the Energy Regulatory Commission...
The Ayala-owned ACE Enexor Inc., an upstream oil and gas investment subsidiary, has announced its formal withdrawal from Service Contract (SC) 6, which is a petroleum exploration block in Northwest Palawan. A disclosure to the...
Motorists can expect either a steady price for diesel next week or a measly rollback of P0.05 per liter, based on the initial calculation of the oil companies. Gasoline prices though will go up slightly by P0.20 to P0.25 per liter; while kerosene prices may go down by P0.20 to P0.25 per liter. This...
The aggregate 2,267,580, 434 common shares tendered by Ayala-led AC Energy Corporation (ACEN) via its stock rights offering (SRO) had been fully subscribed and had fetched proceeds of more than P5.37 billion. During the formal listing of ACEN’s stock rights offer at the local bourse, Philippine...
The gas output of the Malampaya field was significantly down last year to 107.902 billion standard cubic feet (bscf) from an all-time high of 155.495 bscf in 2019 - and that was mainly attributed to demand crash because of slowdown in economic activity triggered by the Covid-19 pandemic. According...
Given manifest uptick in power demand for January supply month, the electricity rates to be billed by Manila Electric Company (Meralco) is anticipated to be on downtrend for February billing. Meralco Vice President for Corporate Communications and Spokesperson Joe Zaldarriaga indicated that final...
The high cost of advanced metering infrastructure (AMI) technology has been hobbling targets of massive rollout of smart meters in the country, because many Filipino consumers would not be able to afford any abrupt technology shift. According to Jaime Jose Aboitiz, executive vice president and...
The number of proposed investments that were classified as “energy projects of national significance” (EPNS) climbed by P113.58 billion as of end-December last year to P795.52 billion compared to a leaner P681.94 in the first half of 2020. In documents released by the Department of Energy (DOE)...
