Albay 2nd district Rep. Joey Salceda is gnashing his teeth over the Department of Energy's (DOE) apparent inability to respond to the country's power situation, which he thinks could lead to rotating blowouts very soon. (Jarl Schmidt/ Unsplash) "Over the past days, half of our baseload plants have...
For the 14th time this year, Filipino consumers will have to agonize over massive cost hikes at petroleum pumps due to surging oil prices in the international market. Based on calculation, oil companies will raise gasoline prices by P3.30 to P3.50 per liter while diesel will be on heftier increase...
The Department of Energy (DOE) admitted that it is helpless when it comes to taming price spikes at petroleum pumps because there is nothing the government or the country can do in influencing upswings in international oil prices. “While the department assures the public that the country's oil...
The Department of Energy (DOE) is eyeing capital flow of roughly $30 billion for the targeted 40,000 megawatts of offshore wind farm projects to be installed in the country until mid-century. According to Senior Energy Undersecretary Felix William Fuentebella, the prospective scale of offshore wind...
For its combined portfolio in fuels and liquefied petroleum gas (LPG), Uy-led Phoenix Petroleum Philippines Inc. has retained its market standing as the third biggest player in the deregulated downstream oil sector last year. In a report released by the Department of Energy (DOE), it was shown that...
Oil companies will increase pump prices anew after Holy Week by P1.70 per liter for diesel and by P0.45 per liter for gasoline. The price of kerosene, a product which is typically used as a base fuel for aviation and a key commodity for some industries, will also increase by P0.45 per liter as...
The National Electrification Administration (NEA) has reconstituted its anti-corruption committee (NEA-ACC) as it escalates efforts in battling corrupt practices in the agency and the electric cooperatives (ECs) that it has been overseeing. The agency announced that its restructured anti-corruption...
The Department of Energy (DOE) and the World Bank Group will jointly unveil on Wednesday, April 20, a market study that will cement the roadmap for the targeted 178megawatts of offshore wind farm developments in the country. The new study will serve as a follow-through to the previous comprehensive...
Motorists filling up diesel on their vehicles will bear heavier financial pain this week, as this commodity is expected to rise by P1.40 to P1.60 per liter, based on calculation. Conversely, the price of gasoline will climb slightly by P0.25 to P0.45 per liter, while kerosene prices will also go up...
Renewable energy (RE) developers who will be awarded allocations under the Green Energy Auction Program (GEAP) of the Department of Energy (DOE) could be entitled to 20 years of cost recovery to reinforce the revenue stream of investors over a stretch of two decades. According to Energy Assistant...
Motorists filling up gasoline products in their vehicles will be in a better luck next week, as the price of this commodity along with kerosene, will be on another round of hefty rollbacks, based on the calculation of the oil companies. As culled from the outcome of five-day oil trading in the...
Presidential candidate Bongbong Marcos has underscored anew the Philippines' potential to become a major player in the wind power sector. Bangui windmills in Ilocos Norte (Photo from Wikimedia Commons) "We have the potential to be a major wind power producer in the world. Our unique topography is...
