In the spirit of ‘civic unity’ or bayanihan, the country’s electric cooperatives (EC) are deploying hundreds of their workers so electricity service restoration in the typhoon-crumbled provinces in the Bicol region could be stepped up. The Philippine Rural Electric Cooperatives Association...
State-run Power Sector Assets and Liabilities Management Corporation (PSALM) will need to borrow P38.4 billion this year to augment the funds needed for the power rate reduction subsidy mandated under Republic Act 11371 or the Murang Kuryente Act (MKA) that was signed by President Rodrigo Duterte...
From mammoth losses incurred in the first semester, leading oil firm Petron Corporation bounced back with P1.63 billion net income in the third quarter of this year and that was propelled mainly by stronger performance on the retail segment of its business. The oil firm classified that it was still...
Government policymakers are being urged to save Petron refinery from its shutdown plan, because it is the only remaining strategic asset that could ensure the country’s energy security goals. Photo credit: https://www.petron.com/ Senate Committee on Energy Chairman Sherwin T. Gatchalian advanced...
Registration with the operator of the Wholesale Electricity Spot Market (WESM) will no longer be mandated if retail competition and open access (RCOA) will already reach the level of household consumers, according to the Independent Electricity Market Operator of the Philippines (IEMOP)....
As many consumers are still reeling from the impact of super typhoon Rolly, the oil companies offer some bit of good news as the price of diesel will be on rollback by P0.85 per liter; while gasoline prices will be slashed by P0.80 per liter this week. For kerosene, which is a commodity that will...
A day after super typhoon Rolly pummeled the Bicol region, the Department of Energy (DOE) reported that consumers in the severely battered provinces of Albay, Camarines Norte, Camarines Sur, Sorsogon and Catanduanes are still agonizing from total blackouts. A tricycle speed past toppled electric...
When its interim import terminal for liquefied natural gas (LNG) will kick off commercial operations in 2022, FGEN LNG Corporation, a subsidiary of Lopez-led First Gen Corporation, will in parallel be setting in motion the market introduction of gas for locators in economic zones and industrial...
To prop the country’s need for more flexible power capacity, the energy investment arm of San Miguel Corporation (SMC) will be building 2,550 megawatts of power facilities that will be utilizing imported liquefied natural gas (LNG) and...
Philippines and Japan have reaffirmed their joint commitment to steadily implement the government’s flagship infrastructure projects and other initiatives to further strengthen economic cooperation between the two...
With the energization of its new 138-kilovolt (kV) Butuan-Placer transmission line this month, system operator National Grid Corporation of the Philippines (NGCP) indicated that reliability on wheeling of generated power will be scaled up in northeastern Mindanao. The recently completed project...
Consumers’ pockets will experience heftier cash relief next week as oil prices are anticipated to be on a substantial rollback of P0.75 to P0.90 per liter for gasoline; and P0.80 to P0.90 per liter for diesel. MB file photo. (Mark Balmores) For kerosene, the price of this commodity is also...
