A ‘reserve price’ will be prescribed for the targeted 2,000 megawatts of renewable energy (RE) capacity that the Department of Energy (DOE) will be placing on the auction block this year. In a draft circular issued by the energy department, it stipulated that a ‘green energy auction reserve...
Due to demand softening because of rising Covid-19 infections triggered by the Delta variant, oil prices at Philippine pumps will be on a significant rollback next week, according to the oil industry players. 24613 Based on initial calculation, the price of gasoline may be reduced by P0.80 to P0.90...
Department of Energy (DOE) Secretary Alfonso Cusi Jr. has praised the work rendered by the National Electrification Administration (NEA), which is nearing the completion of its task to electricity all barangays in the country. DOE Secretary Alfonso Cusi (Photo from DOE Facebook page) "Before, only...
System operator National Grid Corporation of the Philippines (NGCP) sought collaboration with the industry stakeholders, primarily with the Department of Energy (DOE), on its bid to finally resolve issues hounding the country’s power system – including those on reserves, transmission facility...
Listed firm Aboitiz Power Corporation had cast capital outlay of P190 billion that it will funnel to diverse renewable energy (RE) projects and up for implementation within a period of 10 years. For that scale of spending on greenfield projects, the company emphasized that its RE capacity under its...
While power interruptions are often blamed for alleged cheating every elections, the Department of Energy (DOE) has not given any assurance that rotating blackouts will not happen in the May 2022 polls. When Energy Secretary Alfonso G. Cusi, who is also the president of the Duterte-chaired...
After a shortl respite on consumers’ pockets last week, oil prices will be on big-time hikes again next week because of the sustained surge in prices in the world market. As calculated by the oil companies, gasoline prices will rise by P1.00 to P1.10 per liter; while diesel will also be on upward...
The Department of Energy (DOE) is inclined to disapprove the plea of power utility giant Manila Electric Company (Meralco) for emergency supply procurement despite highly probable supply shortages that could descend into rotational blackouts during the 20-day Malampaya shutdown this October and in...
With less than a year remaining for the Duterte administration, the Department of Energy (DOE) has named new Undersecretary Astravel “Astra” P. Naik, but whose function has not been clearly defined yet or laid down by the agency. In an in initial statement of the DOE on Wednesday (July 28), it...
Pangilinan-led PXP Energy Corporation is now ready to advance on its drilling plan for two exploratory wells at its awarded oil and gas block at the Recto Bank, a petroleum basin under Service Contract (SC) 72 that is part of the diplomatically-strained territory in the West Philippine Sea. PXP...
Former Energy Assistant Secretary Leonido “Bodie” Pulido III has been formally elected as president of the Philippine Electricity Market Corporation (PEMC), the governance body of the Wholesale Electricity Spot Market. He is taking over the post from Atty Oscar Ala, who previously served as a...
‘Midnight deal’ The Department of Energy (DOE) has been cautioned on granting a ‘midnight deal extension’ for the license or the Service Contract 38 of the Malampaya venture. Senator Sherwin T. Gatchalian, chairman of Senate committee on energy, issued this caution given that by the...
