Big-time price hikes at the pumps will have heavy blow on consumers’ pockets next week, with the price of diesel products are anticipated to rise by as much as P3.20 to P3.50 per liter, based on the calculation of the oil companies. Industry players similarly estimated P1.85 to P2.15 per liter...
Motorists using gasoline gasoline fuel will need to beef up their budget as the price of this commodity is expected to rise by P1.35 to P1.65 per liter, based on the calculation by oil companies. For diesel products, the estimated price hike will be leaner at P0.30 to P0.60 per liter, while ...
Filipino motorists will experience additional financial burden as prices of diesel products will rise by P2.10 per liter, while gasoline prices will escalate by P1.90 per liter effective Tuesday, July 18. Kerosene, which is the other commodity in the triumvirate of weekly price adjustments, will...
The Energy Regulatory Commission (ERC) will be prescribing new green energy auction reserve (GEAR) prices for the 8,160 megawatts of unsubscribed volumes in the recently-concluded renewable energy (RE) capacity tendering of the Department of Energy. ERC Chairperson Monalisa C. Dimalanta indicated...
Senator Raffy Tulfo on Wednesday, July 12, called for a review of the franchise tax of the National Grid Corporation of the Philippines (NGCP) amid delays in the completion of its 37 transmission projects. Sen. Raffy Tulfo presides over the Senate Committee on Energy hearing on the Department of...
The Energy Regulatory Commission (ERC) will mete out administrative penalties on transmission firm National Grid Corporation of the Philippines (NGCP) if it cannot provide justifiable explanation or grounds why it had been swamped with project delays. “The ERC required the NGCP to explain why it...
Transmission firm National Grid Corporation of the Philippines (NGCP) is advancing its plea for regulatory support -- primarily on the removal of caps and for the timely approval of its capital expenditure (capex) program, so it can inject much-needed investments for the massive-scale integration of...
The auction of 11,600 megawatts of RE capacity scheduled this month will prove to be an "acid test" for the accelerated renewable energy (RE) development roadmap designed by the Marcos administration. The Department of Energy (DOE), which will administer the RE capacity tendering for the second...
The increasing adoption of artificial intelligence (AI) and metaverse is seen as game-changing factor that will trigger exponential rise in the energy demand of data centers due to the high-powered computing usage of hyperscalers. According to Victor Emmanuel S. Genuino II, president and CEO of...
The Department of Energy (DOE) will be issuing a circular to outline the audit parameters on the performance of system operator National Grid Corporation of the Philippines (NGCP) as a concessionaire of the country’s power transmission network. On the sidelines of the ongoing Philippine Onshore...
System operator National Grid Corporation of the Philippines (NGCP) was able to free up stranded capacity in the northern corridor of the Luzon grid, following the energization of its 500-kilovolt (kV) Hermosa-San Jose transmission line project in Bataan. That project, which commanded investment of...
Transmission firm National Grid Corporation of the Philippines (NGCP) objected to the planned audit by the Department of Energy (DOE) and two other state-run companies – the Power Sector Assets and Liabilities Management Corporation (PSALM) and National Transmission Corporation (TransCo), stating...
