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...
Being the pioneer at protecting and preserving Verde Island Passage (VIP) for roughly two decades already, the work and initiatives of Lopez-led First Gen Corporation and ABS-CBN Foundation will serve as the foundation for ‘scalable solutions’ to be pursued at that marine protected area (MPA)...
NexGen Energy Corporation, a renewable energy subsidiary of Pure Energy Holdings Corporation (PEHC) focused on tapping wind and solar power, is planning an initial public offering (IPO) of its shares worth up to P579.6 million. In its registration statement filed with the Securities and Exchange...
The Department of Energy (DOE) has acknowledged that there would be ‘major environmental concerns’ that have to be seriously scrutinized and weighed on proposed energy projects that will traverse some stretch of the Verde Island Passage – not just with offshore wind farm developments, but...
The Energy Regulatory Commission (ERC) has primarily issued warning on system operator National Grid Corporation of the Philippines (NGCP) and market operator Independent Electricity Market Operator of the Philippines (IEMOP) that they could be meted with penalties if they will not strictly comply...
Consumers will be greeted with a ‘mixed bag’ of price adjustments at the pumps next week, with rollback for gasoline and diesel prices seen to be on continued track, but kerosene prices will have slight upward adjustment. Based on the calculation of the oil companies, the price of gasoline...
The consumption of biofuel in the Philippines is expected to increase this year due to a rise in fuel pool and the expected adoption of higher blending standards, the US Department of Agriculture (USDA) said. The USDA projected that the demand for fuel ethanol in the country would rise by eight...
The Department of Energy (DOE) is counting on the commercial fruition of roughly 13,000 megawatts (MW) of committed power projects for the country to ultimately get out from the ‘wobbly state’ of its electricity supply. As explained, committed capacity would refer to projects that are already...
Many offshore wind investors may end up abandoning their proposed projects as both government and private sector advocates have been intensifying calls and activities for reinforced protection of the Verde Island Passage (VIP). A highly placed source indicated that a multinational company along...
Senator Risa Hontiveros on Wednesday, May 15 called on the Department of Energy (DOE), the Energy Regulatory Commission, and the National Grid Corporation of the Philippines (NGCP) to demonstrate the foresight and competence needed to address the power supply shortage being felt around the country....
PacificLight Power Pte Ltd (PLP), a subsidiary of the Meralco PowerGen Corporation (MGen), has cornered a deal on the provision of 100 megawatts (MW) of ‘fast start’ generation capacity for the Singapore electricity market. The supply deal had been awarded by the Energy Market Authority (EMA),...
The Energy Regulatory Commission has partially lifted the enforced suspension on cost settlements at the reserve market, hence, allowing the generation companies (GenCos) to recoup P1.723 billion worth of deferred cost recoveries which accrued when they supplied the ancillary services requirements...
