Filipino consumers can gain partial financial relief in their budgets this week, as the price of diesel will be trimmed by P0.60 per liter; and kerosene products will be on downtrend by P0.75 per liter. Additionally, the price of cooking fuel liquefied petroleum gas (LPG) will be on rollback by...
The new leadership at the Department of Energy (DOE) will prioritize fulfillment of 100-percent electrification target on all households nationwide, a goal that the Duterte administration had failed to deliver. “We’ve got to address the security, as we address as well the matter of protecting...
With an instruction from President Ferdinand Marcos Jr., the new leadership at the Department of Energy (DOE) will push for amendments in Republic Act 9136 or the Electric Power Industry Reform Act (EPIRA) that will primarily focus on strengthening the role of the Energy Regulatory Commission (ERC)...
For the fifth time in a series of cost adjustments in the past two months, the pockets of consumers will be eased partly with the anticipated rollback in diesel and kerosene prices next week, but motorists using gasoline are not as lucky because the cost of this commodity will go up. Industry...
Ayala-led ACEN Corporation has inked a deal with European industrial giant Siemens Gamesa Renewable Energy Technology (SGRE) for the procurement of wind turbines to be deployed to its 70-megawatt wind farm project in Ilocos Norte. According to the Ayala company, Siemens Gamesa will supply and...
Prime Exploration Pte. Ltd., a subsidiary of Razon-led Prime Infrastructure Capital Inc. (Prime Infra), announced its acquisition from Udenna Corporation of businessman Dennis Uy the 45 percent operating stake in the depleting Malampaya gas field asset. In a statement to the media, Prime...
The Department of Energy (DOE) will prioritize the return-to-operation of the 1,200-megawatt Ilijan gas-fired power plant that is currently on shutdown because of fuel lack due to the depleting state of the Malampaya gas field. “We lost 1,200MW of Ilijan, which is powered by natural gas, so this...
Filipino consumers will have another streak of luck next week on their fuel budgets as prices will be on another round of rollback, albeit modest, with diesel products anticipated to have heftier cost reduction of P1.80 to P2.10 per liter. Additionally, oil firms calculated price cut of P0.40 to...
The Philippine Petroleum Association (PAP) has asked Energy Secretary-designate Raphael Perpetuo M. Lotilla to finally push for the resumption of oil and gas exploration activities within Philippine basins – an investment domain that practically stalled under the Duterte administration. “It is...
Relevant stakeholders in the power industry are already advancing priority policy proposals and offering help to Energy Secretary-nominee Raphael Perpetuo M. Lotilla, primarily in addressing the recurring dilemma of thinning power supply as well as the country’s energy transition agenda to be...
While the government is pushing for massive-scale green technology installations in the power industry, the Department of Energy (DOE) indicated that the main segment that will trigger radical spike in the country’s carbon emissions will be the transport sector. As stated in the updated...
Domestic pump prices will have another round of significant rollback next week as global oil prices tumbled below $100 per barrel. Based on the calculation of the oil companies, the price of 92RON gasoline products will be cut by P5.30 to P5.50 per liter while RON95 gasoline will be trimmed by...
