The strain on consumers’ budgets will continue next week, especially with gasoline prices which are expected to rise heftily by P1.30 to P1.70 per liter, based on the calculation of the oil companies. For the other fuel commodities, diesel prices are projected to increase by P0.40 to P0.80 per...
Its wings may have already fallen silent since its untimely demise in September last year, but renewable energy (RE) firm Energy Development Corporation (EDC) of the First Gen group has taken a high-principled step of preserving the lasting legacy of “Geothermica”, also nicknamed “Geo”, the...
Ayala-led ACEN Corporation has inked a contract with subsidiary ENEX Energy Corporation (ENEX) for the agreed shares subscription covering 177,544,011 non-voting preferred shares of the latter to be issued at a par value of P1.00 per share. According to ACEN, the shares will be issued from ENEX’s...
ILOILO CITY – A coalition of environmental groups has urged the Iloilo City government to scrutinize the proposed waste-to-energy (WTE) project by incineration deemed toxic both to people and the environment. “We call on the Iloilo City government to reconsider the construction of a WTE...
ACEN Corporation of the Ayala group and multilateral lending firm Asian Development Bank (ADB) have solidified their partnership in the “green power revolution” sphere, as the latter has switched on its renewable energy (RE) supply sourcing to the Ayala firm. The bank will procure 100 percent...
Filipino-led renewable energy (RE) firm NexGen Energy Corp. (XG) had secured regulatory approvals for its initial public offering (IPO), which will wind up at its July 16 listing at the local bourse. The company announced that it cornered both the go-signal of the Securities and Exchange Commission...
The Energy Regulatory Commission's (ERC) decision to approve Manila Electric Company's (Meralco) refund scheme in 2022 alleviated the effects of the pandemic on its consumers. Marciano G. Delson, dean of San Beda University’s College of Law, said that by granting Meralco’s actual...
(Unsplash) The confusion and misinformation on the rate-setting process of the Manila Electric Company (Meralco) and other power distributors in the country are all the Energy Regulatory Commission's (ERC) fault. Thus, said Cagayan de...
Senator Pia Cayetano cited the need to have “long-term solutions” to ensure national energy security and reliability as she pushed for the development of indigenous gas resources. Senator Pia Cayetano visits the Malampaya Shallow Water Platform on Friday, June 28, with Prime Energy Managing...
The renewable energy (RE) solutions arm of Ayala-led ACEN Corporation has cornered a power supply deal to provide RE-generated power to manufacturing firm Valerie Products Manufacturing Inc. (VSO), which produces automotive and appliance parts. According to the Ayala firm, ACEN Renewable Energy...
System operator National Grid Corporation of the Philippines (NGCP) forthrightly stated that it can deliver more transmission projects to commercial completion if approvals of the Energy Regulatory Commission (ERC) on its cost recoveries for invested capital could be granted promptly. “With...
The progress of many economies on their energy transition agendas will weaken demand growth for oil commodities in the years ahead, according to Paris-based global think tank International Energy Agency. But while oil consumption will be on decline, there are projections that oil production on...
