Renewable energy (RE) developers, which have been awarded with 20-year power supply agreements (PSAs) under the Green Energy Auction Program (GEAP), face bid bonds cancellation if they will fail to deliver the committed capacity. Energy Senior Undersecretary Felix William B. Fuentebella...
House Strategic Intelligence Committee Chairperson Rep. Johnny Pimentel has called on the Department of Energy (DOE) to lift suspension of oil and gas drilling activities in the Recto Bank, also known as the Reed Tablemount. West Philippine Sea (FILE PHOTO FROM AFP) This, following the total...
Following the government’s announcement that it already terminated its joint oil exploration talks with China, the Department of Energy (DOE) indicated that Pangilinan-led PXP Energy Corporation can now proceed with its oil and gas exploration activities at the Recto Bank. In a statement to the...
The Department of Energy (DOE) has awarded 20-year power supply agreements (PSAs) to 19 RE developer firms that will deliver aggregate capacity of 2,000 megawatts to augment the country’s power supply under the Green Energy Auction Program (GEAP). or renewable energy (RE) bidding last June 17,...
Price adjustments at the oil pumps next week will continue for diesel and kerosene, but it could be mixed adjustments for gasoline, based on the calculation of the oil companies. Industry players estimated that diesel prices will increase by P1.05 to P1.20 per liter while kerosene will go up by...
Senator Imee Marcos on Tuesday, June 21, asked the Department of Energy (DOE) for its proposal to help sectors badly affected by the increasing fuel prices. Senator Imee Marcos (Senate of the Philippines) Marcos, chairwoman of the Senate economic affairs committee, said the proposal for nuclear...
The next energy secretary of President-elect Ferdinand Marcos Jr. will have to deal with soaring fuel prices and brownouts, which are expected to plague Filipino consumers until 2024-2025. Marcos has yet to name his energy czar that will flesh out and implement his policies for the industry in the...
With pump fuel prices seemingly racing toward the P100 per liter-mark, Camarines Sur 2nd district Rep. LRay Villafuerte is prodding the incoming Marcos administration to consider putting up a national strategic petroleum reserve (SPR). (Ali Vicoy/ MANILA BULLETIN) “I hope the BBM (Bongbong...
Lopez-led First Gen Corporation is seeking the approval of the Department of the Energy (DOE) on its bid for a six-month extension of the license for its interim offshore liquefied natural gas (LNG) import facility given delays that it has been encountering in the project’s implementation. In a...
If the Philippines will enter into an oil importation agreement with Russia, the government will have to push for “preferential pricing” to lower fuel costs, according to the Department of Energy (DOE). Atty. Rino Abad, director of the DOE’s Oil Industry Management Bureau (DOE-OIMB), said...
The operator of the Wholesale Electricity Spot Market (WESM) is asking the Department of Energy (DOE) to review the circular which created the Independent Electricity Market Operator of the Philippines (IEMOP) to resolve its position once and for all. In a statement to the media, IEMOP President...
Gokongwei-owned Robinsons Land Corp. (RLC) enlisted at least 10 of its malls with the interruptible load program (ILP) of power utility giant Manila Electric Company (Meralco) to prevent brownouts. ILP is a scheme wherein entities with self-generating assets will need to switch on their facilities...
