DOE sets new rules on security deposit for WESM traders
Via its proposed Circular, the Department of Energy (DOE) is amending the ‘prudential requirement’ that a trading participant in the Wholesale Electricity Spot Market (WESM) must post to cover its traded energy in case there shall be default on payments. A prudential requirement takes the form of a “security deposit” that a WESM participant must […]
Homegrown fuel: Jokowi kicks off B30 policy
President Joko “Jokowi” Widodo has symbolically kicked off the mandatory use of B30 biodiesel – eight days ahead of Jan. 1, when the policy was initially scheduled to go into force. B30 refers to a biodiesel blend containing 30 percent fuel produced from palm oil. “We can say that this B30 policy can save us […]
CPO export tax unlikely to affect EU demand, says Malaysian Palm Oil Council CEO
KUALA LUMPUR, Dec 21 — The reinstatement of crude palm oil (CPO) export tax starting next month is unlikely to affect demand for the local commodity in the European Union (EU), according to the Malaysian Palm Oil Council (MPOC). Its chief executive officer, Datuk Dr Kalyana Sundram, said the EU market is less troubled by […]
Cooking oil gets costlier due to expensive imports from Malaysia and Indonesia
After onion and garlic, prices of edible oil have registered a sharp rise due to costlier imports. Consumers will have to dig deeper into their pockets as the cooking oil prices may rise further, say oil industry experts. Palm oil prices have shot up by Rs 20 a litre (more than 35 percent) in the […]
Vietnam to stop licensing large-scale solar projects
Vietnam’s Ministry of Industry and Trade has issued Circular 9608/BCT-DL, in which it urges regional governments throughout the country and state-owned utility Electricity of Vietnam (EVN) to suspend new approvals for large-scale PV projects under the FIT scheme. According to the Vietnam Clean Energy Association (VCEA), the government has already approved 135 projects with a […]
Petrol drops, oil climbs
According to order of the ministries of Industry and Trade and Finance, petrol prices in Vietnam slightly declined while oil prices edged up as of 3 p.m. on December 16. Particularly, the price of E5 RON92 gasoline slid VND90 per liter to not higher than VND19,729 per liter; the price of RON95-III went down VND192 […]
‘Doubt your electric bill? We climb power poles’
If consumers suspect their electric bill is too high, they can call their local electricity engineer’s office to double check their power usage and ensure the charge is correct, said U Khin Maung Win, deputy minister of Electricity and Energy.
State to continue support for fuel price fund
HA NOI — The fuel price stabilisation fund helps the central government manage domestic fuel prices for the foreseeable future, said Hoàng Anh Tuấn, deputy head of the domestic market department under the Ministry of Industry and Trade in a recent meeting with industry leaders.
New Year price slash for B10, E20
The Energy Ministry plans to cut retail prices for biodiesel B10 and gasohol E20 by another one baht per litre during the New Year period to reduce fuel costs for Thais during the long holiday. The campaign will be effective from Dec 25 to Jan 10. At present, B10 and E20 cost 24.09 baht and […]
Sabah to establish state energy commission next year
PAPAR, Dec 14 — The Sabah state government will table a bill to set up the state energy commission next year, said Chief Minister Datuk Seri Mohd Shafie Apdal. He said it was to follow the handover of Sabah Electricity Sdn Bhd (SESB) to the state government from Tenaga Nasional Berhad, expected to commence early […]