ABERON VOLTAIRE PALAÑA, TMT

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The Energy Regulatory Commission (ERC) will set a new cap and implementation mechanism for monitoring electricity distributors’ system loss by the fourth quarter of this year, the agency said on Tuesday. “Our target is we should have a new system loss cap by the last quarter of the year,” ERC…

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GLOBAL Business Power Corp. (GBPC), one of the country’s largest power producers, plans to double its capacity to 2,000 megawatts over the next five years from the current 854 MW, according to its newly appointed president Jaime T. Azurin. The company recently announced the appointment of Azurin as its new…

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THE Energy Regulatory Commission (ERC) should fast-track its assessment of the system loss program to facilitate the early implementation of new system loss caps that would reduce the charges that private distribution utilities and electric cooperatives may pass on to their consumers, a lawmaker said on Monday. Senator Sherwin Gatchalian,…

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Pilipinas Shell, Eastern Petroleum, Phoenix Petroleum, Seaoil, PTT Philippines and Flying V will increase the pump prices of diesel and gasoline by 60 centavos and 65 centavos per liter, respectively, on Tuesday, May 23. The price of kerosene will go up by 70 centavos per liter. All oil companies will…

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THE country’s system grid operator is expediting the permanent restoration of its transmission tower in Alabang which nearly collapsed last month due to a fire that struck a cluster of illegally built shanties underneath the structure. The National Grid Corporation of the Philippines (NGCP) said over the weekend that the…

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OIL giant Pilipinas Shell Petroleum Corp. (PSPC) is keen on expanding its retail business, particularly in northern Luzon, in response to growing demand along the expressways going north. “We’re eyeing an expansion in the North. It is more going to the north of Luzon,” PSPC vice president for retail Lawrence…

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DEPARTMENT of Energy (DoE) Secretary Alfonso G. Cusi and Japan Ambassador to the Philippines Kazuhide Ishikawa turned over 24 units of advanced hybrid vehicles to various national government agencies (NGAs) on Friday. At the ceremonial turnover held at the DOE’s headquarters, Cusi said the distribution of hybrid vehicles “aims to…

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RENEWABLE energy company Citicore Power, Inc. (Citicore Power), through its retailer unit Citicore Energy Solutions, Inc. (CESI), is now an accredited Retail Electricity Supplier (RES) offering a cleaner alternative source of electricity for bulk consumers. “Being a new face in the industry, CESI is confident of being at par with…

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