Tag: #doe
-
P1.00/liter or higher price hikes in gasoline, diesel seen
The financial burden of consumers on their fuel budgets will be aggravated next week as the cost of gasoline and diesel products are expected to be adjusted upwards at heftier amounts of P1.00 to P1.10 per liter, based on the initial calculation of the oil companies.
-
DOE moves to avert ‘summer brownouts’
With plant shutdowns bringing power grids to breaking points again, the Department of Energy (DOE) nudged power plant owners to re-align their maintenance activities to avoid brownouts during the summer months.
-
Interface of IT platform for energy projects’ permitting targeted this year
The interface of the information technology (IT) platform for the permitting of energy projects under the Energy Virtual One-Stop Shop (EVOSS) is targeted for completion this year, according to the Department of Energy.
-
Meralco offers P13.9-B refund to customers within 24 months
Power utility giant Manila Electric Company (Meralco) has applied for regulatory approval on its proposal to refund to its customers P13.885 billion cost over-recoveries arising from the implementation of its actual weighted average tariff (AWAT) within the lapsed regulatory period from July 2015 to November 2020.
-
Aboitiz Power affiliate secures P18-B facility for loan refinancing
SN Aboitiz Power-Benguet Inc. (SNAP-Benguet), which is a subsidiary company of Aboitiz Power Corporation in a tie-up with Norwegian firm SN Power, has secured P18 billion unsecured notes facility from two local banks, and it utilized the proceeds to prepay loans for its hydropower facility acquisitions.
-
DOE enticing P10-T new energy investments
The Department of Energy (DOE) is reinvigorating the investment landscape so it can entice massive capital flow for P10 trillion worth of energy projects that had been cast under the updated Philippine Energy Plan (PEP).
-
ERC pricing, regulation sought for 3rd party-procured LNG
A price-setting and regulation of liquefied natural gas (LNG) procured through third party access (TPA) shall be subject to a regulation of the Energy Regulatory Commission (ERC), which shall also be crafting the warranted TPA Code for the industry.
-
DOE excludes expansion projects in coal moratorium
Existing generating facilities with definitive expansion plans will be excluded from the coverage of the coal moratorium policy that was finally firmed up by the Department of Energy (DOE) in an advisory that it issued this week.
-
Third party tapped for Meralco refund audit
The Energy Regulatory Commission (ERC) has tapped mid-tier accounting and advisory firm Roxas Cruz Tagle and Co., a member company of BDO International Ltd., to be its third party consultant in the audit of refunds carried out by power utility giant Manila Electric Company.
-
DOE remits OPSF residual cash to NG
A ‘residual cash pool’ of P370 million from the extinct Oil Price Stabilization Fund (OPSF) have been remitted recently by the Department of Energy (DOE) to the national government so it can add up to the state’s budget for the coronavirus pandemic response.
-
AC Energy hastens offer period in SRO
Ayala-led firm AC Energy Philippines Inc. (ACEN) is accelerating the offer period for its stock rights offering (SRO) that will cover the issuance of 2,267,580,434 shares.
-
ERC logs 21% hike in cases resolved in pandemic-stricken 2020
The coronavirus pandemic may have limited physical mobility in government offices, but the Energy Regulatory Commission (ERC) reported that it logged ‘better performance’ in 2020, with higher number of cases resolved within the period.
-
Phoenix Petroleum reinforces e-commerce sale platform
Uy-led Phoenix Petroleum Philippines Inc. is reinforcing its digital or electronic commerce (e-commerce) platform in bids to bolster its sale of petroleum products.
-
Heftier oil prices hikes next week
Motorists with gasoline-fed vehicles will have higher degree of financial torment in the coming week, as industry players are anticipating rise in prices for that commodity at the scale of P0.80 to P0.95 per liter.
-
Meralco rates up by P0.2744/kwh in January billing
Customers of Manila Electric Company (Meralco) will need to pay additional P0.2744 per kilowatt hour (kwh) in their electric bills this month, as the overall tariff of the utility firm had increased to P8.7497 per kwh this January from last month’s P8.4753 per kwh.
-
DOE crafts policy on retirement of power plants
The Department of Energy (DOE) will be sorting out a policy to mark off power generation plants that shall already be retired in the country, so provision of electricity to consumers could be improved.
-
Meralco subsidiary buys 20% stake of Singaporean solar project partner
Meralco PowerGen Corporation (MGen), the power generation investment arm of Manila Electric Company, has acquired 20-percent of the shareholdings held by its Singaporean firm-partner Sunseap in the 50-megawatt PowerSource First Bulacan Solar Inc. (PFBSI) project.
-
Meralco anticipates hike in power rates
Power utility giant Manila Electric Company (Meralco) is anticipating probable increase in power rates to be passed on to its customers in the January bills.