JORDEENE SHEEX LAGARE

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Oil companies again increased their pump prices on Tuesday, the sixth adjustment for the year. Flying V was the first to adjust its prices, raising the cost of diesel by 35 centavos per liter, gasoline by 50 centavos per liter, and kerosene by 60 centavos per liter at 12:01 a.m.…

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The Department of Energy (DoE) is studying how a possible sale of the Malaya Thermal Power Plant in Pililla town, Rizal province will affect power supplies in country. In an interview, Energy Assistant Secretary Leonido Pulido 3rd said his department wanted to determine if privatizing the 650-megawatt (MW) plant was…

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MANILA Electric Co. is considering Solar Philippines’ bid to provide cheap round-the-clock power supply to Meralco in a move to diversify its energy sources, a top executive said. Solar Philippines last month said it had submitted an offer to supply power 24/7 to Meralco at P2.99 per kWh, proposing to…

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Consumers would have had to pay over P2.5 billion extra had the government not carefully monitored the implementation of the Tax Reform of Acceleration and Inclusion (Train) law, the Energy department claimed in Friday. “To emphasize, the Department of Energy has saved the consuming public approximately P2.7 billion in what…

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The Philippine Electricity Market Corp.’s (PEMC) board of directors has approved the creation of an independent market operator (IMO) to run the Wholesale Electricity Spot Market (WESM) starting June. In a statement, PEMC said the operator would be a non-profit company, independent of government and industry players, that shall take…

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Sustained investments in coal-fired power plants will play a vital role in boosting the Philippines’ energy and utilities infrastructure over the next decade, a BMI Research study said. Such infrastructure is projected to grow at an annual average of 8.7 percent between 2018 and 2017, according to the study. “Coal-fired…

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STANDARD & Poor’s (S&P) Global Ratings is maintaining its ‘BBB’ long-term issuer credit rating, with a stable outlook, for National Power Corp. (Napocor). “We affirmed the rating to reflect our opinion that there is an almost certain likelihood that the Philippines (BBB/Stable/A-2) would provide timely and sufficient extraordinary support to…

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DENNIS Uy-led Phoenix Petroleum Philippines, Inc. recently opened its newest retail station along West Service Road in Muntinlupa City as part of efforts to strengthen its retail network. Phoenix Petroleum said in a statement on Thursday that the Muntinlupa station, which sports a clean, modern, and sleek style, was the…

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The Department of Energy (DoE) is set to issue in June a circular aimed at curbing the additional costs being passed on by power-generation companies (gencos) to consumers. Energy Secretary Felix William Fuentebella said on Tuesday that the draft circular was focused on ensuring that those costs were reasonable and…

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To help enhance the reliability of electric cooperatives’ distribution system, the National Electrification Administration (NEA) and the Japan International Cooperation Agency (JICA) have teamed up on a project introducing Distribution Network Management System (DNMS) technology to Batangas province. This smart-grid technology project, which began on January 18, aims to show…

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