Following the partial system blackout that plunged Visayas into literal darkness during wee hours on Saturday, Energy Secretary Alfonso G. Cusi has instructed system operator National Grid Corporation of the Philippines (NGCP) to immediately fix the cause of its line trippings and restore...
With renewed collapse in global oil prices in the world market, Filipino consumers would be able to enjoy substantial financial relief on their fuel budgets, as the industry players are anticipating big-time rollbacks in pump prices next week. 27633 As calculated by the oil companies, gasoline...
Energy Undersecretary Donato D. Marcos has been designated officer-in-charge (OIC) of the National Power Corporation (NPC), a state-run firm that has very strategic residual function of providing electricity access to island-mode or off-grid areas. The Office of the President, through the authority...
Following consultations with the Department of Finance (DOF) and the Bureau of Internal Revenue (BIR), the Department of Energy (DOE) said it will issue a circular to serve as policy guide on the 10-percent corporate income tax (CIT) rate tol be levied to renewable energy (RE) investors in the...
The Energy Regulatory Commission (ERC) has laid down the rules that will delineate the qualification of consumers that can avail of the Green Energy Option Program (GEOP) or those that can secure or contract for electricity supply from renewable energy (RE) suppliers. ERC LOGO As the regulatory...
The Department of Energy (DOE) is painting a scenario that electricity supply will be enough during the election period next year, but the supply-demand outlook it presented to media has not taken into account critical factors yet – including the recurring forced outages of power plants, the gas...
Two senators on Tuesday deplored the Department of Energy’s (DOE) indifference in arresting any possibility of rotational brownouts happening in the upcoming May 2022 national elections. “This is unacceptable! Kaya tayo merong DOE ay para siguraduhing meron tayong kuryente (The reason why we...
Consumers can benefit from slight reduction in pump prices this week, with diesel prices getting trimmed by P0.30 per liter; and kerosene had been down by P0.40 per liter. 26574 There was also expectation of at least P0.20 to P0.25 per liter rollback in gasoline prices, but that was wiped out by...
Senator Risa Hontiveros on Sunday, August 15 decried the audacity at which the National Grid Corporation of the Philippines (NGCP) warned of future increases in electricity rates if it continues to contract suppliers for larger power reserves. Hontiveros said she is wondering how the NGCP is bold...
Relief in consumers’ pockets will continue next week as the oil companies have calculated slight rollback in oil prices to be passed on at the pumps. 26204 Based on estimates, the price of gasoline will be reduced by P0.20 to P0.30 per liter; diesel by P0.35 to P0.45 per liter; while kerosene...
At least three liquefied natural gas (LNG) import facilities that are anchored on floating storage and regasification units (FSRUs) will start competing for the Philippine gas market next year. Already head-to-head in the race are the proposed LNG offshore facilities of First Gen Corporation...
The boom-and-bust cycle in the electric power industry will not likely spare the country’s May 9, 2022 elections from rotational blackouts following the Department of Energy's (DOE) pronouncement that power supply within the polling period will be thin. 25581 “For 2022, we see the thinning of...
