Power utility giant Manila Electric Company (Meralco) is the first private sector player in the country’s power industry to open its doors to nuclear power option – primarily the deployment of small modular reactors (SMRs) - as part of its long-term energy investment strategy. “We start...
Setting a cap on weekly adjustments in pump prices is among the policy prescriptions of the Department of Energy (DoE) in the amendment to the Oil Deregulation Law, so government can help cushion cost impact on consumers when oil prices are surging in the world market. When asked on the...
Energy utility giant Manila Electric Company (Meralco) will carry out ‘emergency procurement’ of power capacity to ensure uninterrupted electricity service in next year’s election period. In a briefing with reporters, Atty Jose Ronald V. Valles, first vice president and regulatory head of...
The Department of Energy (DOE) is not ruling out the possibility that the oil price in the country is being by controlled by a cartel as the national government does not have a hand on the Philippine oil market.​ "Ang sinasabi ng iba, may kartel. Syempre pag kausap ko naman yung mga industry...
The Department of Agriculture (DA) and the Department of Energy (DOE) are in talks about the possible implementation of a gasoline discount mechanism in the fisheries sector, one of the most hit farm sub-sectors by the incessant rise in gasoline prices. In a briefing Monday, Oct. 25, DA...
Vice presidential candidate Senator Christopher “Bong” Go on Sunday urged the government to consider granting fuel discounts or subsidy for those in the transportation industry and other strategic sectors to help cushion the impact of the recent oil price increases. Go said the Department of...
The Department of Energy (DoE) has categorically countered the planned buy-out and phaseout or retirement of coal-fired power plants in Mindanao, specifying that this is not part of a scenario set in the Philippine Energy Plan (PEP) in the next two decades. “The PEP is not yet looking at...
Gas will not flow yet from the Malampaya field, as the facility’s preventive maintenance shutdown has been extended for additional three days because of delayed repair works at its onshore platform’s flare tip. As sounded off by Manila Electric Company (Meralco), the naturally occurring...
Asking oil companies to offer consumers with discount on oil prices is what the Department of Energy (DOE) can only do for now to cushion the effects of the continuous oil price hike, an agency official said Friday, Oct. 22. (File photo / MANILA BULLETIN) DOE Assistant Secretary Gerardo Erguiza...
The Department of Energy (DOE) affirmed yesterday that ‘gas production decline’ at the Malampaya field will persist next year and until the project’s end of service contract in 2024. Energy Secretary Alfonso G. Cusi specified that gas restriction had been lingering from January 2020 to...
Aside from planning to temporarily stop the collection of excise taxes, the Department of Energy (DOE) is also studying the possibility of suspending the imposition of value added taxes (VAT) for petroleum products. If the pass on of 12-percent VAT -- which is another layer of taxes enforced on...
The Department of Finance (DOF) has advised caution in suspending excise tax on petroleum as it will incur substantial revenue losses for the government and may affect the budget for coronavirus recovery measures. In a memorandum submitted to Finance Secretary Carlos G. Dominguez III, Finance...
