As global oil prices softened in the last two trading days, the estimated rollback for diesel and kerosene prices have gone heftier to P1.00 per liter level, based on the calculation of the oil companies. According to the industry players, the price of diesel will likely be trimmed by P0.80 to...
There is a major silver lining after all to the scorching blow of the summer months, as the electricity rates of utility giant Manila Electric Company (Meralco) will be reduced significantly by P0.9879 per kilowatt hour (kWh) in its April billing cycle. As announced by the power firm, its overall...
The script for market dynamics will be flipped this April because instead of a rate hike, power utility giant Manila Electric Company (Meralco) is hinting at a rate reduction in the electric bills of its roughly 8.0 million customers within this billing cycle. Meralco Vice President and Head of...
The Philippine Atmospheric, Geophysical, and Astronomical Services Administration marked March 22, 2024 as the start of the warm and dry season. Paired with the increased risk of dry spells and droughts due to the El Niño phenomenon, local farmers — the nation's backbone — find their...
As surging costs of ancillary services or power reserves had been pointed to as culprit in electricity rate hikes, the Energy Regulatory Commission (ERC) has directed ‘settlement and billing suspension’ for the reserve market for the March billing period. The stoppage of reserve market...
TORONTO – Players in the nuclear industry in Canada are ready to export their technologies as well as technical capabilities to the Philippines once the country decides firmly on the resurgence of its nuclear power ambitions. Ontario Energy Minister Todd Smith conveyed to a recent delegation from...
The pass-on tariff of power utility giant Manila Electric Company (Meralco) will climb by a marginal P0.0229 per kWh in the March billing cycle, and that has been precipitated mainly by the ancillary services (AS) charges of the power system operator. The slight hike in charges will drive up...
The aggrupation of generation companies (GenCos) has been batting for the scrapping of the P6.245 per kilowatt hour (kWh) secondary price cap in the Wholesale Electricity Spot Market (WESM) as this is already pinned down as disincentive to the targeted fresh capital flow in the power industry. In...
After more than two decades of deregulation in the power sector and countless collusion allegations at the spot market, it is finally coming to the senses of industry regulators to step up ‘police powers’ against anti-competitive behavior that could distort market dynamics in the private...
Senator Ramon “Bong” Revilla, Jr. on Sunday, February 18, urged the Department of Agriculture (DA) to guarantee there is continuous support for the country’s farmers as experts warn of a massive drought in the next few weeks. Sen. Ramon "Bong" Revilla, Jr. meeting with farm leaders in...
Which is faster on the draw than Cupid’s arrow that can steal the ‘thrill of romance’ on Valentine’s Day? Electricity consumption! Wait, what?! Alright, so you’ve already spent for your dreamy dates, chocolates and roses. Well, watch out next for your electric bills – it could flutter...
Albay 2nd district Rep. Joey Salceda answering questions during a press briefing. (Dexter Barro II, MANILA BULLETIN) The Philippine stock market will feel the immediate impact of an improved economy if the proposed amendments to the “restrictive”...
