Electric vehicles tax breaks pave way for ‘green traffic’ in Philippine roads, says Gatchalian
Sen. Sherwin Gatchalian said that the newly imposed tax breaks for certain types of electric vehicles will help Filipinos adapt to the usage of EVs and help reduce carbon emissions. Gatchalian, the principal author of the Republic Act 11697 or the Electric Vehicle Industry Development Act (EVIDA), said Saturday that the modified tariff rates will […]
Energy projects in pipeline to help address power costs
Department of Energy (DOE) Undersecretary Felix William Fuentebella on Monday said energy projects in the pipeline will help the country in addressing high power costs.
South-East Asia’s largest wind power plant to be built in Laos
The Asian Development Bank (ADB) and Monsoon Wind Power Company Limited has signed a US$692.55 million loan agreement to build a wind power plant in Laos.
Higher power bills seen in March; fuel prices also rising
Consumers in Metro Manila and neighboring provinces are in for higher electricity rates as Meralco sees higher power rates for this March billing.
Power utility TNB expects resilient earnings
Tenaga Nasional Bhd’s (TNB) earnings are expected to be resilient going forward, as the ballooning under-recovery of fuel costs will eventually be recovered under the incentive-based regulatory framework, albeit with a six-month lag.
Singapore to grant first conditional approval for proposals to import low-carbon electricity ‘soon’
Singapore expects to grant its first conditional approval for proposals to import low-carbon electricity “soon”, said Second Minister for Trade and Industry Tan See Leng on Tuesday (Feb 28).
Myanmar Junta Waives Tax on Electricity Investment to Keep Lights On
In a bid to attract foreign funds for the country’s electricity sector, which has been crippled since the coup, the junta has waived tax on investment in the sector.
Nik Nazmi: Sabah’s electricity tariff to depend on fuel costs, infrastructure issues
The rate of electricity tariff in Sabah will depend on the fuel cost factors and infrastructure challenges in the state, the Dewan Rakyat was told today. Natural Resources, Environment and Climate Change Minister Nik Nazmi Nik Ahmad said currently, it is quite impossible for the federal government, or the Sabah government, to give any assurance […]
NGCP says tight power supply looms during dry season months
The National Grid Corp. of the Philippines (NGCP) on Friday said the power supply is seen to be thin during the hot dry season months due to the expected uptick in demand.
Budget 2023: Electricity tariffs to be maintained for domestic use, SMEs
Electricity tariffs will be maintained for domestic users and SMEs, says Prime Minister Datuk Seri Anwar Ibrahim. When tabling the revised Budget 2023 on Friday (Feb 24), he also said that tariffs for big companies – except those in the food and agriculture sectors – would be increased.