Senator Pia Cayetano (Senate PRIB) Senator Pia Cayetano is bent on debunking claims that prices of imported liquefied natural gas (LNG) are cheaper than indigenous or Malampaya gas. Cayetano, the sponsor of Senate Bill (SB)...
The Philippine Independent Power Producers Association Inc. (PIPPA) has thumbed down a legislative proposal that will prioritize the use of Malampaya gas on the electricity generation grind of various gas-fed power plants in the country. While there is a high level temptation to prioritize...
Owing primarily to the ancillary services as component of the transmission charge, the overall tariff of power utility giant Manila Electric Company (Meralco) had climbed by P0.1543 per kilowatt hour (kWh) in this September billing to P11.7882 per kWh versus P11.6339 per kWh last month. The tariff...
Senator Pia Cayetano has sponsored Senate Bill No. 2793, or the proposed Philippine Natural Gas Development Act that seeks to support the full development of the Philippines’ natural gas industry. (Photo from the Facebook page of Senator Pia Cayetano) In her sponsorship speech on Tuesday,...
There’s still no way out for many consumers on upturn in their electric bills, as the pass-on tariff of power utility giant Manila Electric Company (Meralco) will slightly go up by P0.0327 per kilowatt hour (kWh) in this August billing cycle. Following that upward adjustment, the overall rate to...
State-run Philippine National Oil Company (PNOC) is seeking the allocation of P6.02 billion supplemental budget so it can have ready financial capacity to cough up investment in case one of the consortium-members in the Malampaya gas field project would face snags in its capital contribution to the...
Senator Pia Cayetano cited the need to have “long-term solutions” to ensure national energy security and reliability as she pushed for the development of indigenous gas resources. Senator Pia Cayetano visits the Malampaya Shallow Water Platform on Friday, June 28, with Prime Energy Managing...
The development of indigenous gas should remain an integral part of Philippine policy as it aids in lowering electricity prices in times of low supply due to bad weather conditions, an official from Razon-led Prime Energy Resources Development (Prime Energy) said. Donnabel Kuizon Cruz, Prime...
While most consumers expected radical spike in electricity rates, power utility giant Manila Electric Company (Meralco) had announced a rather moderate hike of P0.4621 per kilowatt hour (kWh) in its overall pass-on tariff that will be reflected in the bills of consumers this May. For residential...
As supply in the Luzon grid remains wobbly, the Energy Regulatory Commission (ERC) indicated that it will finally act on the deferred pass-on of cost recoveries for the new gas sale and purchase agreement (GSPA) on fuel for power generation lifted from the Malampaya gas field. “On the GSPA,...
The Department of Energy (DOE) will be rescinding its order mandating the conduct of joint competitive selection process (CSP) for the electric cooperatives (ECs) in their aggregated procurement of capacities from gas-fired power facilities. According to Energy Undersecretary Sharon S. Garin,...
The consortium-members of the Malampaya gas field will inject up to $800 million worth of investments to stretch the facility’s production life cycle, as anchored on the 15-year extension granted by the government on the project’s Service Contract (SC) 38. As emphasized by Prime Infrastructure...
