As the initial downtrend in global oil prices did not last long, Filipino motorists will have another financially punishing drive next week as oil prices are anticipated to rise again by significant amounts, based on the calculation of the industry players. According to the oil companies, the price...
Filipino motorists may have their first "price rollback relief" next week, but the Department of Energy (DOE) is still stepping up on preparation for contingency measures in case the projected $100 per barrel oil will assault on oil markets this year. International oil prices crashed to the level...
With alarm bells raised on highly probable rotational blackouts during the summer months, the country’s generation companies (GenCos) are being warned that breach of regulatory policy on ‘force outage caps’ will not be tolerated, hence, they shall be ready to be meted anew with penalties....
Senator Risa Hontiveros on Monday, February 7, reiterated her support for the Senate resolution that seeks to recommend the filing of criminal charges against Energy Secretary Alfonso Cusi and other Department of Energy (DOE) officials that had a hand in the irregular sale of a 45-percent stake in...
Listed firm Solar Philippines Nueva Ecija Corporation (SPNEC) has inked a 10-year power supply agreement (PSA) with Angeles Electric Corporation (AEC), a privately owned power distribution company that is touted to be the third biggest in Luzon grid. According to SPNEC, it will supply 97.8 megawatt...
Amid the intensifying political and legal scuffle relating to shares divestment in the asset, the Department of Energy (DOE) has assured that the Malampaya gas field will be on “seamless operation” in the remaining duration of the Duterte administration and up to the lapse of its service...
President Duterte has aired "grave concern" over what he described as the "apparent effort" at the Senate to put in a bad light the recent developments involving the Malampaya Gas Field. President Rodrigo Duterte (Malacañang photo) "This casts undue, undeserved, and unwarranted aspersion on the...
Presidential aspirant Vice President Leni Robredo on Thursday, Feb. 3, promised to make electric cooperatives (ECs) a part of the “energy family” if she’s elected president in the May 2022 polls, rejecting proposals to privatize the cooperatives. Vice President Leni Robredo (OVP photo)...
The Senate on Wednesday adopted a resolution that recommends the filing of charges against Department of Energy (DOE) Secretary Alfonso Cusi and other officials of the department who are involved in the approval of the sale of the participating shares of Chevron in the Malampaya gas field. The...
Liquefied petroleum gas (LPG), the preferred cooking fuel in Filipino households as well as in restaurants, will rise this month by P4.00 per kilogram (kg) or an aggregate P44 for the standard 11-kilogram cylinder. The LPG industry players said price adjustments took effect today, Feb. 1, and the...
The Green Energy Auction Committee (GEAC) of the Department of Energy (DOE) has officially kicked off the tendering process for 2,000 megawatts of renewable energy (RE) capacity that shall be accredited in the government's Renewable Portfolio Standards (RPS), a market mechanism that will guarantee...
Worst cases of "forced outages" and generation de-rating of power plants this summer could surge up to 4,332 megawatts in the Luzon grid if technical glitches in power facilities would recur at the usual historical scale, the Independent Electricity Market Operator of the Philippines (IEMOP)...
