The Department of Energy (DOE) has awarded 20-year power supply agreements (PSAs) to 19 RE developer firms that will deliver aggregate capacity of 2,000 megawatts to augment the country’s power supply under the Green Energy Auction Program (GEAP). or renewable energy (RE) bidding last June 17,...
Price adjustments at the oil pumps next week will continue for diesel and kerosene, but it could be mixed adjustments for gasoline, based on the calculation of the oil companies. Industry players estimated that diesel prices will increase by P1.05 to P1.20 per liter while kerosene will go up by...
Senator Imee Marcos on Tuesday, June 21, asked the Department of Energy (DOE) for its proposal to help sectors badly affected by the increasing fuel prices. Senator Imee Marcos (Senate of the Philippines) Marcos, chairwoman of the Senate economic affairs committee, said the proposal for nuclear...
The next energy secretary of President-elect Ferdinand Marcos Jr. will have to deal with soaring fuel prices and brownouts, which are expected to plague Filipino consumers until 2024-2025. Marcos has yet to name his energy czar that will flesh out and implement his policies for the industry in the...
With pump fuel prices seemingly racing toward the P100 per liter-mark, Camarines Sur 2nd district Rep. LRay Villafuerte is prodding the incoming Marcos administration to consider putting up a national strategic petroleum reserve (SPR). (Ali Vicoy/ MANILA BULLETIN) “I hope the BBM (Bongbong...
Lopez-led First Gen Corporation is seeking the approval of the Department of the Energy (DOE) on its bid for a six-month extension of the license for its interim offshore liquefied natural gas (LNG) import facility given delays that it has been encountering in the project’s implementation. In a...
If the Philippines will enter into an oil importation agreement with Russia, the government will have to push for “preferential pricing” to lower fuel costs, according to the Department of Energy (DOE). Atty. Rino Abad, director of the DOE’s Oil Industry Management Bureau (DOE-OIMB), said...
The operator of the Wholesale Electricity Spot Market (WESM) is asking the Department of Energy (DOE) to review the circular which created the Independent Electricity Market Operator of the Philippines (IEMOP) to resolve its position once and for all. In a statement to the media, IEMOP President...
Gokongwei-owned Robinsons Land Corp. (RLC) enlisted at least 10 of its malls with the interruptible load program (ILP) of power utility giant Manila Electric Company (Meralco) to prevent brownouts. ILP is a scheme wherein entities with self-generating assets will need to switch on their facilities...
The incoming Marcos administration is being urged to pursue key legislation that will compel the oil companies to “unbundle” or segregate the various cost items they have been passing on to consumers at petroleum pumps. One major policy prescription of a study underpinned by state-run...
American investors joined the clamor calling for the lifting of foreign ownership limit in the renewable energy (RE) sector to be a priority policy to be pursued by the Marcos administration to attract more offshore capital flow, primarily for solar and wind farm projects in the country. American...
Consumers will need to squeeze blood from stone again as the price of petroleum commodities will track another wave of big-time hikes at the pumps next week, based on the calculation of the oil companies. On the estimates of industry players, the price of diesel products will soar by additional...
