The price of diesel could reach as high as P90 per liter this month if the conflict in the Middle East persists, the Department of Energy (DOE) said. During the Senate Committee on Foreign Relations hearing, DOE Oil Industry Management Bureau (OIMB) Director Rino Abad explained that the potential...
The Department of Labor and Employment (DOLE) vowed Friday, Mar. 6, that workers’ pay and benefits will remain intact if companies adopt a proposed four-day workweek, a flexible arrangement that could help employees and businesses cope with rising energy costs. DOLE Bureau of Working Conditions...
Senate President Vicente C. Sotto III has called for the establishment of a national petroleum reserve to strengthen the country’s energy security and ensure supply stability. This is amid recent exchanges of attacks among Middle Eastern countries that have affected key roads, straits, and oil...
BANGKOK (AP) — Global energy trade is in turmoil as war around the Persian Gulf chokes off oil and natural gas shipments, causing prices to soar. Asia is the most exposed since it relies heavily on imported fuel, much of it shipped through the Strait of Hormuz, the narrow passageway that carries...
Government officers and the public were encouraged by President Marcos to save energy by using public transportation and carpooling amid expected oil supply disruption caused by the conflict in the Middle East. In a press conference on Tuesday, March 3, Marcos has appealed to private car owners to...
In the Philippine energy sector, ‘greed integration’ isn’t subtle anymore. It has been stamped in black and white with the jaw-dropping ₱11/kWh offshore wind price recently approved by the Energy Regulatory Commission (ERC). This rate applies to the targeted 3,300-megawatt capacity auction...
If there’s a “most punishing relationship” in town, it’s the one between consumers and their power utilities. It is a toxic romance where the bills keep climbing, but mercy never comes. This month, many consumers served by utility giant Manila Electric Co. (Meralco) were stunned by a...
The cost of electric power in the Philippines remains among the highest in Asia. This is driven by a combination of high imported fuel costs, ongoing grid work-in-progress, significant system losses (five percent in Singapore versus 10 percent in the Philippines), and an oligopolistic market...
President Marcos announced simplified rules that will make electricity subsidies more accessible to poor households and streamline the application process for solar net-metering, allowing families to install panels and sell excess power to the grid more easily. Speaking at the “Collective...
President Marcos said a stable electricity supply is essential to productivity and economic opportunity, as he positioned the Caliraya-Botocan-Kalayaan (CBK) hydroelectric complex as a key stabilizer of the Luzon power grid. During the project’s turnover ceremony in Laguna on Monday, Feb. 9, the...
LONDON, England – A major inflection point for nuclear power development in the Philippines and Southeast Asia will be spotlighted when global industry leaders gather for the World Nuclear Supply Chain Conference in Manila on May 20–21 this year. In an exclusive interview, Dr. Sama Bilbao y...
Even as Malacañang insists no Cabinet shake-up is imminent, backroom whispers are growing louder that the administration may “recycle” 2025 midterm election losers into key posts once the appointment ban lifts this May. Just last week, industry and political circles were abuzz with rumors that...
