Electricity consumers will be greeted with a “Happy New Year rate hike” as they will need to pay more as subsidy to renewable energy (RE) projects via the feed-in-tariff allowance (FIT-All) line item in the electric bills that had been jacked up to P0.0983 per kilowatt hour (kwh), almost double...
Token rollback in pump prices will give consumers slight savings this week, as the cost of diesel products will be reduced by P0.05 per liter; while kerosene will have a heftier cut of P0.25 per liter. The oil companies advised that there will be no price movement in gasoline products this week,...
The Department of Energy (DOE) has forthrightly stated that it has not given any approval yet to the proposal of the National Renewable Energy Board (NREB) to hike renewable energy (RE) installations to annual increment of 2.0 to 2.2-percent from what is presently cast at 1.0-percent increment....
The blueprinted expansion projects in coal-fired power installations are being mulled to be excluded from the coal moratorium declaration of the Department of Energy, according to Director Mario C. Marasigan of the agency’s Electric Power Industry Management Bureau....
Roughly 70-percent of the country’s electric cooperatives (ECs) scored ‘highest rating’ in a recent performance assessment carried out by the National Electrification Administration. The agency announced that 85 out of the 121 ECs nationwide had been bestowed with “AAA” rating or...
For consumers served by the country’s 121 electric cooperatives, electrification level already topped 14-million customer connections, according to the National Electrification Administration (NEA). Based on data released by the agency’s Information Technology and Communication Services...
Despite a less-than-ideal Christmas and New Year celebrations this year, the Department of Energy (DOE) is trying to compensate that with assurance that the holiday break will not be messed up with power service interruptions. Energy Secretary Alfonso G. Cusi (Photo credit: https://www.doe.gov.ph)...
Filipinos were just up with heavy spending on their Christmas shopping, but there is financial relief that they can look forward to as pump prices are anticipated to be on slight rollback next week. MB file photo. (Mark Balmores) Based on the initial calculation of the oil companies, gasoline...
Leading oil firm Petron Corporation heaves up Christmas spirit by giving away one-year fuel supply to 12 lucky customers who will be selected in its major promotional salvo for the holidays. The oil firm said the equivalent amount of the one-year fuel supply that the winners can enjoy will sum up...
Amid controversies stirred up by the transaction, the Department of Energy (DOE) indicated that it had not seen ‘violation’ in the sale and purchase agreement (SPA) sealed by American firm Chevron Corporation and Udenna Corporation in the 45-percent stake of Malampaya that was unloaded by the...
Despite the perceived low capitalization of US$50 million dangled to foreign investors for integrated geothermal resource exploration and power plant development in the country, the Department of Energy (DOE) disclosed that there are no takers yet of the blocks being offered by the government....
Lopez-led First Gen Corporation, through its corporate vehicle FGEN LNG Corporation, has formally shortlisted three prospective bidders on its procurement of floating storage regasification unit (FSRU) for its interim liquefied natural gas (LNG) import facility in Batangas. The company announced...
