The Energy Regulatory Commission (ERC) has admitted before a Senate Committee on Energy hearing that it is still swamped with more than 55,000 of unresolved consumer-complaints that were lodged before it from March to October this year. Energy Regulatory Commission (ERC FACEBOOK / MANILA BULLETIN)...
State-run Philippine National Oil Company (PNOC) has inked a deal with American firm New Fortress Energy LLC (NFE) for the setting up of liquefied natural gas (LNG) installation in the country. In a statement to the media, the Department of Energy (DOE) qualified that the memorandum of...
The La Niña weather phenomenon has already started driving down electricity rates this October in the country’s Wholesale Electricity Spot Market (WESM), with it going down by more than P1.00 per kilowatt hour (kwh) as of October 12 to P2.19 per kwh from the September average market price of...
With the service contract of the Malampaya gas field expiring in four years, Energy Secretary Alfonso G. Cusi sounded off that the next best option for the country is to take the course of liquefied natural gas (LNG) importation. Energy Secretary Alfonso G. Cusi In his keynote message at the 9th...
With forecasts of hiked budget deficits until next year, Senate Committee on Energy Chairman Sherwin T. Gatchalian forthrightly stated that the Philippine government has no money to buy the 45-percent stake being unloaded by Shell Philippines Exploration B.V. (SPEX) in the multi-billion Malampaya...
Power utility giant Manila Electric Company (Meralco) said it will first wait for the guidelines to be issued by the Energy Regulatory Commission (ERC) before serving disconnection notices to consumers that still have arrears or unpaid bills by October 31 this year. “We will await ERC guidelines...
The Department of Energy (DOE) indicated it will elevate the fuel cost unbundling case to the Supreme Court (SC) to fight for the enforcement of the Circular that it has issued primarily to effect transparency in the fuel pricing of the oil companies. The department said that will be its next step...
Customers of Manila Electric Company (Meralco) will have to shell out additional cash on their electricity budget as the overall rate of the utility firm would be higher by P0.1212 per kilowatt hour (kWh) in their October billing. With the upward adjustment, the rate of Meralco this month will be...
Panay Energy Development Corporation (PEDC), a subsidiary of Global Business Power Corporation (GBP), was bestowed highest compliance rating among coal-fired power plants in the country, on its adherence to the rules being enforced by the Wholesale Electricity Spot Market. The company, in a...
Yuchengco-led PetroWind Energy Inc. has been awarded as one of the ‘top community care companies’ in the 2020 Asia Corporate Excellence and Sustainability Awards (ACES) held recently in Kuala Lumpur, Malaysia. (Photo credit: http://www.petroenergy.com.ph/) As reckoned by Yrel Ventura,...
It is crunch time for the Metropolitan Waterworks and Sewerage System-Regulatory Office (MWSS-RO) in terms of looking into the tariff impact of pending water project proposals — such as Manila Water's P14-billion Laguna Lake East Bay project — and securing the public approval for these. (MWSS /...
Oil firm Cleanfuel bucked the trend even as most of its competitors have implemented slight upward adjustments in pump prices this week to the tune of P0.10 per liter for gasoline products, and P0.20 per liter for kerosene products. MB file photo. (Mark Balmores) Cleanfuel, which is among the...
