State-run subsidiary Philippine National Oil Company-Renewables Corporation (PNOC-RC) is not winding down operations and is not ceasing corporate existence, according to Energy Secretary Alfonso G. Cusi. That was his pronouncement despite earlier calls of some lawmakers for the government-owned...
The Department of Energy (DOE) has suspended its issuances of certificate of energy projects of national significance (CEPNS) blaming the very slow pace in securing permits and project implementations. The CEPNS was mandated under Executive Order No. 30 that was issued by President Duterte in 2017....
A new price determination methodology (PDM) has been instituted for the Wholesale Electricity Spot Market (WESM) in its shift to shorter five-minute trading interval that is targeted for enforcement middle of this year. The Energy Regulatory Commission (ERC) approved the new pricing methodology...
Publicly listed firm Phoenix Petroleum Philippines Inc. has completed around P4.0 billion refinancing activity before the end of this year as part of its financial management program. The firm disclosed to the Philippine Stock Exchange (PSE) that it first settled P3.0 billion in short term...
Students from the University of the Philippines (UP) scored prestigious victory in the global competition on tracking and reducing carbon dioxide (CO2) emissions from vehicles, a contest for the youth that has multinational energy giant Royal Dutch Shell as its sponsor and prime mover. As formally...
Following a very marginal financial breather last week, consumers will be welcoming the New Year with fresh round of fuel hikes. Industry players estimated that gasoline prices will go up by P0.35 to P0.45 per liter and diesel products by P0.25 to P0.30 per liter. (Mark Balmores / FILE PHOTO /...
In what could be an indication of rebound in electricity demand, the National Electrification Administration (NEA) reported that the energy sales of electric cooperatives (ECs) had been up by 3.0-percent in the third quarter of 2020. The government-run agency noted that based on data gathered by...
State-run Power Sector Assets and Liabilities Management Corporation (PSALM) is disposing another real estate asset by March 25 next year – and this time, it is a bigger-scale property in Barangay Lagundi in Mexico, Pampanga spanning 50,447 square meters. The company issued invitation to bid...
Year-ender Today, I give you pain. Tomorrow, who knows? For industry players in the energy sector, that’s their tale of woe this year given decimated top and bottom lines with demand crash on energy commodities. Onward, uncertainties hold sway. At the height of the lockdown period in March-May,...
The Department of Energy (DOE) has green-lighted ‘indefinite extension’ on the award of feed-in-tariff (FIT) incentives for run-of-river (ROR) hydropower projects that will be pursued by renewable energy (RE) developers. Energy Secretary Alfonso G. Cusi In an advisory issued by Energy Secretary...
Electricity consumers will be greeted with a “Happy New Year rate hike” as they will need to pay more as subsidy to renewable energy (RE) projects via the feed-in-tariff allowance (FIT-All) line item in the electric bills that had been jacked up to P0.0983 per kilowatt hour (kwh), almost double...
Token rollback in pump prices will give consumers slight savings this week, as the cost of diesel products will be reduced by P0.05 per liter; while kerosene will have a heftier cut of P0.25 per liter. The oil companies advised that there will be no price movement in gasoline products this week,...
