A substantial financial breather may finally come at the pumps next week for consumers who are filling up their vehicles with gasoline products, as the price of this commodity is anticipated having a rollback in the vicinity of P2.00 per liter. Based on the outcome of three-day trading in the...
The coal moratorium enforced in 2020 which sculpted the entry of more renewable energy (RE) investments remains as a non-negotiable policy stance to former Energy Secretary Alfonso G. Cusi if he will have his way, because that had drawn the line in the sand for the country’s greener future. In a...
Consumers’ trip to the petroleum pumps will be less painful this week, as the oil companies implemented relatively significant rollback in prices. Based on the pricing adjustment notices of the industry players, the price of diesel products will be trimmed by P0.90 per liter, gasoline by P0.75...
Consumers will still feel the deepest financial pain triggered by surging electricity rates due to simultaneous plant outages in the past two weeks, but the Department of Energy (DOE) is urging the distribution utilities (DUs) to tap palliative interest-bearing loan from the Land Bank of the...
President Marcos has urged electricity distribution utilities to tap the Anti Bill Shock Lending Program of the Land Bank of the Philippines to ensure that electricity rates are affordable. Marcos made the directive to the Department of Energy (DOE) and the Energy Regulatory Commission (ERC)....
The Philippines was ranked third among countries that made huge progress in implementing renewable energy initiatives, according to research from the Ocean Science and Technology. The study reported that the country had an overall rank of 81.31 among 81 countries, only next to Chile and China which...
The Department of Energy (DOE) will be rescinding its order mandating the conduct of joint competitive selection process (CSP) for the electric cooperatives (ECs) in their aggregated procurement of capacities from gas-fired power facilities. According to Energy Undersecretary Sharon S. Garin,...
Budget-conscious families will gain slight flexibility in their budgets this month, as the price of liquefied petroleum gas (LPG) will be on moderate rollback of P1.09 to P1.15 per kilogram as advised by the industry players. Leading player Petron Corporation announced that the cost of its LPG...
President Marcos wants the Philippines to not only manufacture more electric vehicles (EVs) but lower its production cost so the country can achieve its goal of transforming its public transportation fleets by 2040. President Ferdinand 'Bongbong' Marcos Jr. (Photo from the Presidential...
President Marcos has ordered government agencies to expedite the implementation of action plans and strategies to develop the electronic vehicle (EV) industry in the country. Marcos made the directive during a sectoral meeting on Tuesday, April 30, emphasizing the need to focus on the public...
The Marcos administration will purchase e-vehicles to replace some 10 percent of the fleet used by government agencies, the Department of Energy (DOE) said on Tuesday, April 30. President Ferdinand 'Bongbong' Marcos Jr. presides over a sectoral meeting on Electric Vehicle (EV) Industry...
It may be a bitter pill to swallow, but the power supply turmoil in the country could ignite resurgence of coal-fired power generation, according to one of the country’s top energy players. And while the allure of green technologies would be highly irresistible, the fragility of the country’s...
