It’s feeling a lot more like Christmas for consumers, and one of their early gifts will be big-time rollback at the pumps next week, based on the calculation of the oil companies. According to the industry players, the price of diesel will have sizeable reduction of P1.65 to P2.05 per liter;...
DUBAI, UAE – Ayala-controlled ACEN Corporation, which has been expanding its investment foothold across foreign markets, is batting for capacity auction that will primarily delve with integrated renewable and energy storage system (IRESS) as prospective replacement for capacities that shall be...
DUBAI, UAE -- The strategy of the Philippines in line with the COP28 Global Stocktake for energy transition will differ to a great extent, because it will be opting for coal plants’ phasedown, instead of the intensified call of the United Nations Framework Convention on Climate Change (UNFCCC)...
“Energy security’ is a crescendo that has not come yet for the Philippines despite the years of restructuring and rumbling changes in the power industry – and it was also hardly a stuff for reasoned policy analysis through the years. That then places the country in a catchup mode - not just...
Consumers will have mixed emotions on their drive to the petroleum stations this week as the price of diesel will be on rollback; but for those filling up gasoline in their vehicles, they have to brace for marginal increase in their fuel purchases, based on the calculation of the oil companies....
The firms comprising the Malampaya consortium are already preparing for fresh round of ‘capital expenditures call’ to bankroll their committed drilling of 2-3 wells as one of the major conditions in their 15-year contract extension, according to Energy Secretary Raphael P.M. Lotilla. “The...
MANILA/SAN FRANCISCO – The government of the United States is optimistic on the signing of a historic ‘123 Agreement’ on nuclear power with the Philippine government that could help Filipino investors gain access not just to cutting-edge nuclear power technologies – including those of the...
Senator Sherwin Gatchalian on Thursday, October 26 urged the Department of Energy (DOE) and all distribution utilities, such as the Manila Electric Co. (Meralco), to ensure ample power supply in the upcoming barangay and Sangguniang Kabataan (SK) elections, particularly in areas declared by the...
The Department of Energy (DOE) emphasized the significance of finishing key infrastructure projects in country in order to attain the renewable energy (RE) target by 2040. At the 49th Philippine Business Conference and Expo, Energy Assistant Secretary Mario Marasigan presented the DOE’s...
In an effort to mitigate the current oil prices, President Marcos wants to reduce the trigger period for fuel subsidy from three months to one month, the Department of Energy (DOE) said. In a statement, Energy Secretary Raphael P.M. Lotilla said that Malacañang wants to change the language of the...
Senator Sherwin Gatchalian has called on the government to hasten the development of transmission facilities for offshore wind (OSW) projects to boost the renewable energy (RE) sector’s contribution to the country’s energy requirements. Gatchalian also said doing so would secure the...
Senator Risa Hontiveros on Tuesday, October 3 urged energy officials to implement game-changing reforms to reduce energy costs and alleviate the burden of electricity consumers. For one, Hontiveros said the National Grid Corporation of the Philippines (NGCP) and other private distribution...
