The renewed plunge in global fuel prices and appreciation of the peso will ease financial burden of Filipino consumers as oil companies estimated big time price rollback at the pumps by Tuesday, Feb. 7. Based on their calculations, the price of gasoline products will be reduced by P2.00 to P2.30...
The National Electrification Administration (NEA) will be knocking on the doors of the Executive Branch and Congress to secure up to P29.542 billion budget to bankroll the country’s multi-tiered electrification rollout until the end of the Marcos administration in 2028. According to NEA...
Budgets among Filipino households need upward adjustment with the “super spike” in liquefied petroleum gas (LPG) at P11.18 to P11.20 per kilogram (kg). As announced by industry players, the price of standard 11-kilogram tank which is the typical size being purchased for home cooking will...
The Philippine government, through the intensifying capital-enticements being pursued by the Department of Energy (DOE), sees an influx of foreign direct investments (FDIs) in the country’s flourishing renewable energy (RE) sector, largely offshore wind projects -- currently the ‘rising star’...
The Department of Energy (DOE) is aiming for a "no rate hike" scenario that will result from the two-week shutdown of the Malampaya gas production facility this February. If the agency’s calculations will turn out accurate, that will be a "historic first" in such activity in the power system’s...
The Department of Energy (DOE) has snubbed hydrogen as a form of innovative energy storage that the entire Philippine power supply chain can prospectively lean on for efficient and reliable operations into the future and despite the fact that this storage technology is already the center of...
As the country’s energy insecurity has been turning into an even more distressing situation because of the depletion of its sole commercial gas field, the Department of Energy (DOE) has granted go-signal to the proposed development of a small-scale liquefied natural gas (LNG) terminal in...
The Department of Energy (DOE) will be requiring the generation companies (GenCos) to submit additional reports, detailing monthly operational data of their power plants, sales, power supply and fuel consumption, that could help the government improve its monitoring, planning as well as on policy...
Kuwait Foreign Petroleum Exploration Company (KUFPEC) is formally exiting the Galoc oil production venture in northwest Palawan basin, following the approval of the Department of Energy (DOE) on its withdrawal from the project. In a disclosure to the Philippine Stock Exchange (PSE) of Filipino firm...
The roughly 7.5 million customers being served by power utility giant Manila Electric Company (Meralco) will have to brace for P0.7897 per kilowatt hour (kWh) hike in electricity rates as a result of the two-week scheduled shutdown of the Malampaya gas production platform next month. The increase...
Listed firm Pilipinas Shell Petroleum Corporation will offer policy recommendations to the Department on Energy (DOE) on the institutionalization of standards that could stimulate eventual mass-scale rollout of electric vehicle chargers (EVCs) in the country. PSPC President and Chief Executive...
As consumers in the Luzon grid are seen bracing for vicious summer ordeal of threatening electricity service disruptions, the Department of Energy (DOE) has been asked to strictly enforce a "no maintenance outage" policy on power plants during the critical periods, chiefly on the summer months when...
