The earlier-anticipated hike in the electricity rate of Manila Electric Company (Meralco) was overturned, resulting in overall reduction of P0.1185 per kilowatt hour (kWh) in the February billing cycle due to the "cover cost" or compensation generated by power supplier First Gen Corporation (FGen)....
Senator Risa Hontiveros on Monday, February 7, reiterated her support for the Senate resolution that seeks to recommend the filing of criminal charges against Energy Secretary Alfonso Cusi and other Department of Energy (DOE) officials that had a hand in the irregular sale of a 45-percent stake in...
Amid the intensifying political and legal scuffle relating to shares divestment in the asset, the Department of Energy (DOE) has assured that the Malampaya gas field will be on “seamless operation” in the remaining duration of the Duterte administration and up to the lapse of its service...
President Duterte has aired "grave concern" over what he described as the "apparent effort" at the Senate to put in a bad light the recent developments involving the Malampaya Gas Field. President Rodrigo Duterte (Malacañang photo) "This casts undue, undeserved, and unwarranted aspersion on the...
The Senate on Wednesday adopted a resolution that recommends the filing of charges against Department of Energy (DOE) Secretary Alfonso Cusi and other officials of the department who are involved in the approval of the sale of the participating shares of Chevron in the Malampaya gas field. The...
The two key government agencies exercising oversight and regulatory functions over the deregulated power industry are being urged to take "proactive steps" in monitoring, and if possible, minimize the occurrence of forced outages of power plants so Luzon grid will not be plunged into ‘dark spell...
Vice President Leni Robredo lamented the country’s supply of energy is the “number one concern now” as she called for the development of indigenous energy sources to alleviate the rising energy prices. Vice President Leni Robredo (OVP photo) Robredo, a presidential aspirant, was asked about...
The Department of Energy (DOE) is scheduling a meeting with system operator National Grid Corporation of the Philippines (NGCP) for updating of power supply-demand forecasts in view of “No-El” (no electricity) fears being raised this year’s summer months and on the May 9, 2022 elections....
The Philippine National Oil Company-Exploration Corporation (PNOC-EC) effectively protected the country’s national interest when it blocked the sale of Shell Philippines Exploration B.V.’s (SPEX) stakes to Malampaya Energy XP Pte. Ltd., a subsidiary of Dennis Uy-led Udenna Corp., in the...
Opposition Senator Leila de Lima on Monday said she sees no reason for the Philippine government to entrust the sale of Malampaya to Udenna and UC Malampaya which have a history of partnering up with China-owned companies. De Lima reiterated that Malampaya is crucial to the country’s national...
State-run Philippine National Oil Company-Exploration Corporation (PNOC-EC) has withheld its consent on targeted transaction closing for the $460 million Malampaya stake divestment of Shell Philippines Exploration B.V. (SPEX) to Malampaya Energy XP Pte. Ltd. (MEXP), a subsidiary of Udenna...
There will be paramount reason for Filipino consumers to strive saving on their electricity usage during the Christmas holidays, as power utility giant Manila Electric Company (Meralco) announced that its rates will rise by P0.3143 per kilowatt hour (kWh) in the December billing. The power firm...
