The proposed revisions in the competitive selection process (CSP) for power supply agreements (PSAs) set the framework for unsolicited proposals or tenders that distribution utilities (DUs) may resort to on their power supply procurements. Under the draft supplemental Circular released by the...
Motorists using gasoline on their vehicles will need to shell out more cash this week, as the price of that commodity will go up by P1.15 per liter, based on the pricing adjustment advisory of the oil companies. For kerosene and diesel products, the price of these fuel commodities will also...
The Independent Electricity Market Operator of the Philippines (IEMOP) has deferred to middle of next year the commercial operations of the new market management system (NMMS) or the modified trading platform of the Wholesale Electricity Spot Market....
The Department of Finance (DOF) has been warned that the financial liabilities of state-run Power Sector Assets and Liabilities Management Corporation (PSALM) would swell because of the insufficient budget the national...
To enhance energy capacity for the load network of its subsidiary Cotabato Light and Power Company in Mindanao, Aboitiz Power Corporation is pursuing an upgrade of its Malagapas substation in the service area of its power distribution firm. The company said it is in the process of installing a new...
Hefty price hikes of more than P1.00 per liter across products will distress consumers’ pockets next week, and this could further squeeze budgets that Filipino families would be allotting for the Christmas holidays. (MARK BALMORES / MANILA BULLETIN FILE PHOTO) Based on the initial calculation of...
An additional P550 million allocation had been proposed in the P4.506 trillion budget of the Philippine government, so extra financial resources can be funneled into the repair of power lines damaged by calamities. Senate Committee on Energy Chairman Sherwin T. Gatchalian had pushed for that cash...
Electricity demand ‘tame’ in 2 months The manufacturing sector failed on its rebound momentum, hence, the country’s electricity demand had been ‘tame’ in the past two months, according to the operator of the Wholesale Electricity Spot Market. Isidro E. Cacho Jr., chief corporate strategy...
The downstream oil subsidiary of Chevron Corporation has named Billy Liu as its new Country Chairman and General Manager, replacing Louie Zhang who recently retired following more than three decades of service in the American firm. In taking the top post at Chevron Philippines Inc. (CPI), Liu will...
The Energy Regulatory Commission (ERC) has approved and issued 37,817 certificates of compliance (COCs), or the licenses that the qualified industry players would need so they can continually operate their facilities. The issued COCs, according to the industry regulator, were as of September 30...
Alcantara-led firm Alsons Consolidated Resources Inc. (ACR) has inked a deal for its programmed P6.0 billion fixed rate corporate notes issuance, the proceeds of which will partly bankroll its renewable energy projects and to refinance existing loans. The company, in a disclosure to the Philippine...
The Philippines is cementing its two-decade ‘low carbon’ pathway with 34,000 megawatts of renewable energy (RE) installations that shall be integrated into the power mix. At the virtual Southeast Asian Nations Clean Energy Week, Energy Secretary Alfonso G. Cusi declared that the country’s...
