The power generation companies (GenCos) that are experiencing prolonged outages on their generation facilities could face anti-competitive behavior and economic sabotage raps because they have been violating government-enforced laws and policies, according to the Department of Energy. According to...
The Department of Energy (DOE) is giving its guarantee to the Filipino public that they are not going to suffer brownouts or electricity service disruptions within the stretch of the April-June summer months, as long as demand would remain lean and if there would be no additional major power plants...
The power generation arm of San Miguel Corporation will cough up US$1.0 billion worth of investments for 31 new battery energy storage (BES) projects that it will be deploying in various sites nationwide. The company, in a statement to the media, has emphasized that the BES facilities will have...
The Energy Regulatory Commission (ERC) has instituted new market share limits (MSLs), in terms of capacity installations, that the country’s power generation companies (GenCos) must comply with this year in accordance with the prescriptions of the Electric Power Industry Reform Act. On a...
The Philippine government said it will invoke ‘exclusive licensing’ authority for any and all petroleum exploration ventures that will be carried out within the disputed territories of the West Philippine Sea. This was set on record by Energy Secretary Alfonso G. Cusi, in line with the...
With many of the country’s electric cooperatives (ECs) still getting back on their feet following last year’s wallop of disasters and most still prepping for recovery from the health crisis, the National Electrification Administration (NEA) reported that loan portfolios extended to these rural...
Ayala-led upstream petroleum company ACE Enexor Inc. is seeking the Department of Energy’s (DOE) imprimatur on the declaration of a “one-year force majeure period” to provide leeway for the unforeseen delays in the company’s oil and gas drilling timetable. During the company’s annual...
Consunji-led Semirara Mining and Power Corporation (SMPC) has declared dividend of P1.25 per common share to all of its outstanding stockholders as of the specified record date and based on the company’s dividend policy. The firm apprised covered shareholders that the prescribed record date had...
Filipino motorists will need to stretch their fuel budgets anew as prices at petroleum pumps will rise this week by a scale of P0.60 per liter for gasoline; and P0.70 per liter for diesel. Kerosene, which is an essential commodity for households and key industries, will also go up by P0.85 per...
The Philippine government is currently discussing with the Asian Development Bank (ADB) the viability of a plan to ‘buy out’ the older fleets of coal-fired power facilities in Mindanao grid. Finance Secretary Carlos G....
The costs to be paid in charging electric vehicles as well as the standards to be enforced in charging stations remained as the ‘most debatable’ concerns in the crafting of the proposed Comprehensive Roadmap for Electric Vehicles (CREV) in the Philippines. Those issues were repeatedly raised by...
A power supplier of Bantayan Island Electric Cooperative Inc. (BANELCO) in Cebu has demanded payment of P116.5 million of outstanding obligations that the utility firm allegedly failed to settle under their supply deal. The ‘notice of execution’ under a management services agreement was...
