Department of Energy (DOE) Secretary Alfonso Cusi said Tuesday, March 16 that he has no intention of "fighting" Senator Manny Pacquiao amid the current brouhaha surrounding the ruling Partido Demokratiko Pilipino–Lakas ng Bayan (PDP-Laban) party. "Hindi naman ako lalaban, mahirap naman yun. Kayo...
Transmission firm National Grid Corporation of the Philippines (NGCP) is reinforcing its smart grid journey with its newly launched Central Control and Monitoring System (CCMS), that will enable it to remotely monitor incidents as well as the operational functions of the country’s power grid...
Despite the dominance of coal plants in the country’s energy mix, Energy Secretary Alfonso G. Cusi forthrightly stated that the Philippines is not ready for ‘carbon tax enforcement’ because such policy could worsen the travails of consumers on high cost of power that they are already...
Owing it to the overall downtrend in demand last year, the core net income of listed firm Aboitiz Power Corporation dropped 27-percent last year to P12.6 billion from a relatively flourishing bottom line of P17.3 billion in 2019. The company stated that it booked leaner non-recurring net gains of...
The 7.1 million customers of Manila Electric Company (Meralco) will experience cost relief in their pockets this month -- with the calculated tariff reduction of P0.3598 per kilowatt hour (kWh), primarily for residential consumers in the utility firm’s March billings. According to the company,...
Manila-headquartered Atlantic Gulf & Pacific Company (AG&P) is the fourth company that was issued by the Department of Energy (DOE) with a notice to proceed (NTP) for its proposed liquefied natural gas (LNG) import facility to be sited at the Batangas Bay. In a statement to the media,...
Ayala-led AC Energy Corporation has inked a subscription agreement with its subsidiary firm Giga Ace-4 Inc. for the purchase of common and preferred shares valued at aggregate P2.199 billion. The Ayala firm said it purchased from its subsidiary-firm 43,975,374 common A shares for P219.876 million;...
Motorists filling up their vehicles with diesel products will be able to cut their fuel budgets this week by P0.35 per liter; and for those using gasoline, there will be a marginal rollback of P0.10 per liter. The oil companies also announced price reduction of P0.55 per liter for kerosene products...
Power utility giant Manila Electric Company (Meralco) has spent its P20.8 billion worth of capital expenditure (capex) undertakings last year with the completion of electric and non-electric projects. According to Meralco, the firm’s capital spending last year was higher by 3.0-percent versus...
The proposed divestment of the 650-megawatt Malaya thermal power facility has enticed at least five firms to join the plant’s ‘negotiated sale arrangement’ giving hopes to state-run Power Sector Assets and Liabilities Management Corporation that it could finally sell the asset this time....
Consumers’ pockets will finally experience slight relief as prices at petroleum pumps are anticipated to be on moderate rollback next week. Oil companies have calculated prospective price reduction of P0.40 to P0.45 per liter for diesel products; and marginal downward adjustment of P0.10 to P0.20...
Listed firm Aboitiz Power Corporation is accelerating its investment pitch for battery energy storage system (BESS) as added solution in building up the reliability of electricity supply as well as in ensuring stability of power grids, via its 12 projects that will add up 248 megawatts to its...
