An official from the Department of Energy (DOE) has reported a better power situation in Luzon due to improved stability in the region's electricity supply. Energy Assistant Secretary Mario C. Marasigan told reporters on Friday, May 24, that the power outage was reduced to 1,600 megawatts while the...
The onslaught of bad news is coming endless for consumers, as another wave of financial pain will further squeeze their pockets with anticipated price hikes at the gas pumps next week. According to the oil companies, the price of gasoline products will rise by P0.45 to P0.85 per liter; while diesel...
It was another round of ‘madness’ for millions of Filipino consumers before the strike of midnight on Thursday (May 23), as most parts of Luzon grid had been tormented with one to 1.5-hour rotational brownouts. In the franchise area of Manila Electric Company (Meralco) alone, more than 487,000...
Senator Sherwin Gatchalian on Friday, May 24 took the Department of Energy (DOE) and the Energy Regulatory Commission (ERC) to task in penalizing power-generating plants that may have breached their reliability index. Gatchalian’s call came in the face of looming rotating power outages,...
Solar power firm Citicore Renewable Energy Corporation (CREC) has pegged its initial public offering (IPO) price at P2.70 per share for a total offering size of P5.3 billion. In its final offering prospectus, CREC said the offer price was determined based on a book building process and discussions...
While the Energy Regulatory Commission (ERC) is partly blamed for the power supply mess in the country due to its slow action on issuance of warranted rules and approvals of power supply agreements (PSAs), it has opted to sign a memorandum of agreement (MOA) with the Board of Investments (BOI) for...
(MANILA BULLETIN) A Laguna congressman who is against the renewal of the Manila Electric Company’s (Meralco) franchise has once again lambasted the power distribution giant for its supposed failure to provide updates on its weighted...
Aiming for a green energy future is one thing, but financing these projects is another. Three top banks explained to stakeholders the possible challenges new developers may face when it comes to financing their renewable energy (RE) projects. In a panel discussion during the Solar & Storage...
BACOLOD CITY – Mayor Alfredo Abelardo “Albee” Benitez here is asking the Department of Energy (DOE) for a price cap amid the increasing power rates. BENITEZ (Glazyl Masculino) "I have just asked DOE Undersecretary (Sharon) Garin if we can trigger the provision of the Energy Regulatory...
The heightened interest of the Philippines on nuclear energy as part of its long-term energy solution has so far been whipping up the curiosity of neighbors in the Southeast Asian region to also weigh in this technology into their energy mix. During the Indo-Pacific Business Forum, Energy Secretary...
Importation reliance and minimized shock price vulnerability are expected as the biofuel blend is set to increase this year, according to the Department of Energy (DOE). Michael Sinocruz, DOE Director for Energy Policy and Planning explained that because biofuel is locally produced, the country...
Taking a pitch on prospective reduction of dependence on imported fuels, the Department of Energy (DOE) has approved progressive increase in coco methyl ester (CME) blend for diesel products – starting at 3.0% by October this year from currently at 2.0%. Additionally, the DOE has given go-signal...
