Household budget for cooking fuel will rise this month, as the price of liquefied petroleum gas (LPG) has been increased by P0.64 to P0.65 per kilogram (kg) effective today, September 1, or aggregate P7.04 to P7.15 price hike for the standard 11-kilogram cylinder. 29693 As of press time, the LPG...
Consunji-led firm Semirara Mining and Power Corporation (SMPC) has turned over P1.7 billion worth of royalty payments to the government – via the Department of Energy (DOE) - as it recorded highest ever sales in its history as coal producer from Semirara island in Antique province. 29549 In a...
Fake letters or correspondence sent by unscrupulous individuals to the Department of Foreign Affairs (DFA) had caused delays in power plant maintenance activities that subsequently triggered this year’s rotational blackouts, according to the Department of Energy. As explained by the energy...
As uncertainties in the power supply situation in the country persist, the Department of Energy (DOE) will be dragged into another Senate investigation where it is expected to present a definitive supply-demand scenario and lay down contingency measures in case the 2022 national elections will be...
Petroleum prices will in for considerable increases next week, according to the industry players. Based on the initial calculation of the oil companies, the price of diesel will go up by P0.50 to P0.60 per liter; and kerosene will climb by P0.60 to P0.70 per liter. 29040 For gasoline products,...
The Department of Energy (DOE) is mandating all distribution utilities (DUs) to submit their updated Distribution Development Plan (DDP) that shall factor in supply-demand as well as load growth projections in their network; and for them to flesh out also the coverage of their power supply...
Energy officials have been casting the country as a ‘mecca for green energy investments’, but one vital anchor to that is project financing, hence, major local banks are seeking policies that will guide them on the shift of financial flows to clean energy ventures. In a virtual forum convened...
The construction completions of several offshore liquefied natural gas (LNG) import terminal projects in the country are facing slight delays because of the Covid-related mobility restrictions, according to a status report issued by the Department of Energy. The DOE reckoned that LNG facility...
Following the partial system blackout that plunged Visayas into literal darkness during wee hours on Saturday, Energy Secretary Alfonso G. Cusi has instructed system operator National Grid Corporation of the Philippines (NGCP) to immediately fix the cause of its line trippings and restore...
With renewed collapse in global oil prices in the world market, Filipino consumers would be able to enjoy substantial financial relief on their fuel budgets, as the industry players are anticipating big-time rollbacks in pump prices next week. 27633 As calculated by the oil companies, gasoline...
Energy Undersecretary Donato D. Marcos has been designated officer-in-charge (OIC) of the National Power Corporation (NPC), a state-run firm that has very strategic residual function of providing electricity access to island-mode or off-grid areas. The Office of the President, through the authority...
Following consultations with the Department of Finance (DOF) and the Bureau of Internal Revenue (BIR), the Department of Energy (DOE) said it will issue a circular to serve as policy guide on the 10-percent corporate income tax (CIT) rate tol be levied to renewable energy (RE) investors in the...
