Motorists face a sharp reversal in fuel price trends next week as escalating geopolitical conflict in the Middle East disrupts global crude markets, threatening to end a brief period of relief at the pumps. According to calculations based on the Mean of Platts Singapore (MOPS) and recent foreign...
Rotating power disruptions are set to return to Luzon and Visayas on Friday, May 15, as the National Grid Corporation of the Philippines (NGCP) placed the two regional grids under yellow and red alert status due to widening supply deficit. The NGCP advised that the Luzon grid will experience yellow...
A pro-solar energy congressman is prodding the government to protect consumers against fly-by-night solar power providers, even as the shift to this particular renewable energy (RE) becomes more palatable to Filipinos. Abra lone district Rep. JB Bernos, a member of the Committee on Appropriations,...
Country’s energy infrastructure is buckling under intensified seasonal demand, with grid operators warning of a second consecutive day of rotating power outages across the country’s two largest island groups. The National Grid Corporation of the Philippines (NGCP) placed both the Luzon and...
During intense deliberations that preceded the 2005 enactment of the Expanded Value Added Tax (E-VAT) Law, which also covered oil and electricity, lawmakers defended the measure as a treasury-tightening mechanism; an unpopular but calculated imposition designed to raise massive revenues so it could...
Aging and inefficient coal-fired power plants across the country may soon face voluntary retirement or repurposing as the government intensifies its shift toward renewable energy (RE). In a statement on Friday, May 8, the Department of Energy (DOE) said that it is conducting a rigorous assessment...
Batangas 1st district Rep. Leandro Legarda Leviste has brushed off the criminal complaint filed against him and five other executives of Solar Para sa Bayan Corporation (SPSB/SPBC), calling it “super duper hina (super duper weak)". "The only information I have is what I got from the media, and...
Batangas 1st District Rep. Leandro Antonio L. Leviste and five other fellow executives of the Solar Para sa Bayan Corporation (SPSB/SPBC) are facing a criminal complaint before the Department of Justice (DOJ) for their alleged failure to meet the conditions of the legislative franchise granted to...
Ending a brief period of relief for motorists, oil prices resumed their upward trajectory in the first week of May as global supply pressures offset the price rollbacks seen in late April. Department of Energy (DOE) Secretary Sharon Garin told a press conference on Monday, May 4, that diesel prices...
While insisting that the coal moratorium stays, Energy Secretary Sharon Garin indicated that the Department of Energy (DOE) is giving the country’s aging coal plants a not-so-gentle performance review—especially those that keep “calling in sick” through repeated forced outages that strain...
The Philippines rolled out one of the most extensive policy responses in Asia-Pacific to cushion the impact of global oil price and supply shocks, even as the country recorded among the steepest increases in fuel prices in the region, according to the Manila-based Asian Development Bank (ADB). An...
The Department of Energy (DOE) is working to minimize the risks of price shocks in off-grid areas through coordination with other government agencies and state-run firms in the energy sector. According to Energy Secretary Sharon Garin, the DOE is actively coordinating with the National...
