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The economic cluster of the Duterte Cabinet has already given the green light for the use of the Malampaya Fund to retire the estimated P245-billion residual liabilities of the Power Sector Assets and Liabilities Management Corporation (PSALM), a policy that is built upon the goal of lowering electricity rates for consumers.

Continue reading Cabinet approves Malampaya Fund use to retire power debts

THE Philippine Reclamation Authority will implement at least 80 reclamation projects over the next six years, including the ambitious Solar City commercial and business district to be put up in Manila Bay, former President and incumbent Manila Mayor Joseph Estrada said Wednesday.

 

Continue reading PRA unveils 80 projects

The holiday season, among others, is marked by the presence of so many lighted streets, buildings, malls, and houses. These sparkling and glittering Christmas lights and decors -- besides adding smiles and happiness -- also indicate continuing and rising material prosperity of the Philippines and its cities.

 

Continue reading Christmas lights, energy mix and electricity production in Asia

MANILA, Philippines – A weaker peso and higher coal price could pressure electricity rates up in the next billing periods, Manila Electric Co. (Meralco) said.

Continue reading Weaker peso, higher coal prices to hike power rates

MANILA -- The Department of Energy (DOE) asked oil players in Mindanao to explain the price drop in gasoline products as it investigates possible predatory pricing.

Continue reading Mindanao oil players urged to explain unusual price drops

The Department of Finance (DOF) on Monday said the country’s economic managers are currently drawing up a targeted subsidy program designed to shield poor consumers from a government plan to raise excise taxes on petroleum products.

Continue reading Govt drafts fuel tax subsidy program

THE DEPARTMENT of Energy (DoE) expects the country’s demand for electricity in 2030 to reach 30,189 megawatts (MW), or nearly 70% more than the current dependable capacity being supplied by the country’s existing power plants. “From here on until 2030, we will be needing something like 30,000 megawatts,” Energy Secretary Alfonso G. Cusi told reporters after a Senate hearing on Wednesday that discussed, among others, the Philippine Energy Plan for 2016-2030. “We need to add around 1,100 MW per year, roughly that’s the number,” he added. The country has an existing dependable capacity of 17,925 MW, while a number of ongoing projects have committed to deliver 6,178 MW.

Continue reading Forecast for power demand raised to 30,189 MW

Singapore – Oil prices turned higher in Asian trade Thursday, a day after suffering hefty losses in response to data showing a surprise jump in US stockpiles, while hopes for a deal to limit output were dealt a blow.

Continue reading Oil prices turn higher as dealers eye output talks

Nais alamin ni Deputy Speaker at Batangas Rep. Raneo E. Abu kung nakikinabang o naire-remit sa mga local government unit (LGU) na pinagkukuhanan ng enerhiya ang nakukolektang buwis mula dito ng Department of Energy (DOE).

Continue reading Kita sa enerhiya, ibigay sa LGU

Oil fell in Asia on Wednesday after industry data showing an increase in US crude stocks added to oversupply worries and traders took advantage of a recent rally to book profits.

Continue reading Oil prices down in Asia, Brent stays below $50

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