Consumers will still feel the deepest financial pain triggered by surging electricity rates due to simultaneous plant outages in the past two weeks, but the Department of Energy (DOE) is urging the distribution utilities (DUs) to tap palliative interest-bearing loan from the Land Bank of the...
The Philippines was ranked third among countries that made huge progress in implementing renewable energy initiatives, according to research from the Ocean Science and Technology. The study reported that the country had an overall rank of 81.31 among 81 countries, only next to Chile and China which...
The Department of Energy (DOE) will be rescinding its order mandating the conduct of joint competitive selection process (CSP) for the electric cooperatives (ECs) in their aggregated procurement of capacities from gas-fired power facilities. According to Energy Undersecretary Sharon S. Garin,...
Budget-conscious families will gain slight flexibility in their budgets this month, as the price of liquefied petroleum gas (LPG) will be on moderate rollback of P1.09 to P1.15 per kilogram as advised by the industry players. Leading player Petron Corporation announced that the cost of its LPG...
President Marcos has ordered government agencies to expedite the implementation of action plans and strategies to develop the electronic vehicle (EV) industry in the country. Marcos made the directive during a sectoral meeting on Tuesday, April 30, emphasizing the need to focus on the public...
It may be a bitter pill to swallow, but the power supply turmoil in the country could ignite resurgence of coal-fired power generation, according to one of the country’s top energy players. And while the allure of green technologies would be highly irresistible, the fragility of the country’s...
Consumers’ pockets will experience slight reprieve this week, as oil prices will be on moderate rollback, according to the pricing advisories of the oil companies. The price of diesel products will be trimmed by P0.45 per liter; while gasoline prices will have marginal reduction of P0.25 per...
Sen. Raffy Tulfo has filed a resolution that seeks to investigate the alarming power supply issue hounding the country. Tulfo who chairs the Senate Committee on Energy, filed Senate Resolution No. 1008 following the declaration of red and yellow alerts in the Luzon, Visayas, and Mindanao grids. A...
There is a silver lining after all amid the country’s energy insecurity dilemma, as oil prices will be on moderate rollback next week - a financial respite badly needed as consumers’ temper flare on consistent threat of rotational power service interruptions. According to the industry players,...
Amid soar in weather temperatures, demand for electricity in the country had reached its boiling point this week, as the highest demand of 14,016 megawatts on Wednesday (April 24) breached the peak demand projection of the Department of Energy (DOE) for this year. And while the country’s power...
The Department of Energy (DOE) is spearheading the Philippine government’s efforts on negotiating the administrative agreement (AA) that will be signed with the US government to underpin the “123 Agreement’ that was cemented last year for the targeted deployment of nuclear technologies in the...
Senators on Wednesday, April 24 urged the Department of Energy (DOE) and the Energy Regulatory Commission (ERC) to rein in and enforce stricter oversight on power generation companies (gencos) to ensure compliance with their scheduled outages. Sen. Francis “Chiz” Escudero said...
