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). According to Michael Sinocruz, chief of the Planning Division of the...
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. That has been one of the key recommendations...
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. Aside from expansion projects, exempted from the prohibited coal...
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....
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....
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. In an updated disclosure to the Philippine Stock Exchange (PSE), the company indicated that its offer period will start on...
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. The regulatory body said there had been 21-percent hike in...
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. The new offering from the oil company is via “Limitless” discount fuel vouchers, which is an app-based component of its loyalty...
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. For diesel, the calculation of the oil companies would be a leaner price increase of...
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. For typical residential...
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. Energy Secretary Alfonso G. Cusi explained that the government will not just be looking at the...
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. With the equity purchase, MGen has...
