Domestic pump prices will continue to make a dent on consumers’ pockets next week as the costs of gasoline and diesel products will be on another round of upswing based on the calculation of the oil companies. MB file photo. (Mark Balmores) As initially estimated, the prices of gasoline and...
As power plant outages have been tormenting consumers not just of brownouts but also of electricity rate spikes, the Energy Regulatory Commission (ERC) has tightened the rules and the benchmark on the allowable service interruptions in electric generating facilities. Energy Regulatory Commission...
The energy investment arm of the Ayala group will be injecting additional investments of P10.81 billion for greenfield solar and wind power projects in the Luzon grid. AC Energy President and CEO Eric T. Francia The board of directors of AC Energy Philippines had green-lighted secured loan...
Transmission firm National Grid Corporation of the Philippines (NGCP) has completed and energized the 230-kilovolt Toril-Bunawan transmission line, which forms the final loop of the P7.09 billion Mindanao backbone project. With the project’s completion, the company noted that “this will secure...
Filipino consumers will likely have an extended “financial respite” in their next electricity bill, as price trends point to continued softening of prices in the Wholesale Electricity Spot Market. In a briefing with the media, Engineer John Paul Grayda, manager for Pricing Validation and...
Gotianun-owned FDC Misamis Power Corporation, a power investment subsidiary of the Filinvest Corporation, had been hailed as ‘top taxpayer’ in Misamis Oriental, the host province of its 405-megawatt coal-fired power plant in Mindanao grid. The company has been awarded “number one real estate...
Consumers being served by the Bantayan Island Electric Cooperative (BANELCO) could expect full electrification of the entire area by year 2022, based on the energization program being cast by the power utility. As noted by BANELCO General Manager Lee Rivera, “our main objective is total...
The board of directors of Aboitiz Power Corporation has approved the company’s P30 billion peso-denominated fixed rate retail bonds to be issued in tranches. The company said it will file registration for the planned bond issuance under the shelf registration program of the Securities and...
The government is currently studying if it can establish “technical justification” that will allow higher percentage of foreign investors’ shareholdings in renewable energy (RE) projects, primarily for wind and solar ventures. That policy option is currently being studied by the Department of...
Motorists using diesel in their vehicles will be shelling out additional P0.60 per liter; and P0.50 per liter for gasoline, based on the upward adjustments implemented by the oil companies this week. For kerosene, the industry players also sent pricing advisory notices that this fuel commodity will...
The shift of state-run National Power Corporation (NPC) to renewable energy (RE) technologies in powering the off-grid areas could yield savings of up to P13.5 billion annually with consumers enjoy cheaper electricity cost....
The Department of Energy (DOE) has suspended the issuance of “certificates of energy projects of national significance” (CEPNS) to various projects being proposed by industry players....
