ENERGY Secretary Afonso G. Cusi said he would form a focus group to zero in on issues related to providing affordable and reliable power rates, particularly in far-flung areas and, hopefully, be able to resolve this during his first 100 days in office.

Continue reading Energy chief vows to make power rates more affordable

Renewable power producer Energy Development Corp. said Monday it secured a P5-billion loan from Union Bank of the Philippines to support capital expenditures and finance maturing loans this year.

Continue reading EDC borrows P5b from Union Bank

Pilipinas Shell Petroleum Corp. has secured the approval of the board of parent company Royal Dutch Shell Plc which is based in the Netherlands to hold an initial public offering this year, a government official said Wednesday.

Continue reading Shell secures board’s nod for IPO­—Monsada

Between them and Mrs. Gloria Macapagal-Arroyo, a total of 46 IPP contracts were signed, with NPC playing the lead role for the government’s overall power project.

Continue reading Why oil prices and power rates keep on rising

LOCAL oil companies on Monday announced a price increase in petroleum products effective on Tuesday, May 24, to reflect movements in the international petroleum market.

Continue reading 5 oil firms to raise price of diesel products on May 24 BusinessCompanies

THE demand is high, while the power reserve is thin. But the Department of Energy (DOE) said there is no power crisis, so there’s no need for the department to seek emergency powers for President Aquino to invoke Section 71 of the Electric Power Industry Reform Act.

Continue reading DOE doesn’t see need for emergency powers

Lower remittances from the Middle East will affect the credit profiles of six recipient countries including the Philippines and hurt economic growth, debt watcher Moody’s Investors Service said in a report Wednesday.

Continue reading Oil crisis to hurt workers’ earnings

party-list group has recently questioned the increase in power rates starting next month.

Continue reading Why do consumers have to pay for perks of RE developers, group asks government

The National Grid Corporation of the Philippines (NGCP) warned yesterday the public against an individual posing as a solicitor for its corporate social responsibility projects.

Continue reading NGCP warns public against impostor

DAVAO CITY -- It’s a common sight on the roadside in the country’s rural areas: Recycled 1- or 1.5-liter bottles of soft drinks filled with a red-colored liquid that motorcyclists and even drivers of four-wheeled vehicles buy to fill up their tanks.

Continue reading DoE raises alarm over proliferation of fuel sold in bottles, canisters

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