The ‘bad summer habits’ of power plants are back again, hence, the Department of Energy (DOE) and Energy Regulatory Commission (ERC) are being urged to investigate the causes of the simultaneous forced outages of the generating facilities as these have been triggering spikes in electricity...
Amid continuing uncertainties posed by the coronavirus pandemic, consumers can look forward to slight relief in their fuel budgets as the cost of gasoline and kerosene prices are anticipated to be on rollback next week. Based on the calculation of the oil companies, the price of gasoline products...
Leading oil firm Petron Corporation is scheduling the issuance of senior perpetual capital securities or perpetual bonds that shall be denominated in US dollars. In a disclosure to the Philippine Stock Exchange (PSE), the oil company indicated that the planned issuance has already secured the...
The Department of Energy (DOE) has inked a memorandum of understanding (MOU) with Japanese firm Hydrogen Technology Inc. (HTI) on targets to deploy hydrogen applications for power generation. With this new pact firmed up with Tokyo-based HTI, Energy Secretary Alfonso G. Cusi stated that the...
Given the re-enforced enhanced community quarantine (ECQ) measure in the NCR plus bubble, state-run Power Sector Assets and Liabilities Management Corporation (PSALM) has moved by two weeks or until April 23 this year the submission of tenders for the privatization of the 650-megawatt Malaya...
The customers of power utility giant Manila Electric Company (Meralco) will brace for added financial burden in their electric bills this month as its overall rate had gone up by P0.0872 per kilowatt hour (kWh), mainly on account of higher generation charges, the biggest component of its pass-on...
With prospects of economic rebound in the immediate term that will then shore up demand for fuel commodities in the domestic market, listed firm Pilipinas Shell Petroleum Corporation (PSPC) will be rolling out investments of P15 billion to P20 billion to underpin its growth strategy in the next...
The Energy Regulatory Commission (ERC) has barred state-run Power Sector Assets and Liabilities Management Corporation (PSALM) from passing on new universal charges (UC) for stranded debts (SD) and stranded contract costs (SCC) even with the latter’s contention that the Malampaya fund or...
Despite stifled demand because of the re-imposition of enhanced community quarantine (ECQ) in the so-called NCR plus bubble, prices in the Wholesale Electricity Spot Market (WESM) have been hitting record-spikes in recent trading days because of the combined impact of simultaneous power plant...
Conventional wisdom often paints the power sector as a “game for the big boys” – but in the country’s lofty ‘energy transition’ goal, even the “David-like players” are leading the way. They may not be as gigantic as their counterpart-conglomerates in terms of track record and...
State-run National Transmission Corporation (TransCo) has topped the list of government-owned and controlled corporation (GOCCs) in terms of heftiest remittance to the national government with its P8.32 billion worth of dividends. The company said its dividend turnover to the national treasury...
Lopez-led First Gen Corporation has selected Norwegian firm BW Gas Limited for its five-year time chartering of floating storage regasification unit (FSRU) relative to the liquefied natural gas (LNG) import facility that it will be setting up at its Clean Energy Complex in Batangas. In a disclosure...
