”Power reserves market to launch in 2022′
The target date for the trading of power reserves in the spot market would be moved to 2022, the Independent Electricity Market Operator of the Philippines (IEMOP) said over the weekend.
‘Declare climate emergency to ensure transition to low-carbon pathway’, groups urge Duterte
Environmental groups urged President Rodrigo Duterte to declare a climate emergency to ensure that the government will act on the climate crisis with the much-needed urgency he has called during the United Nations General Assembly on Wednesday.
‘Shell divestment in Malampaya won’t affect power supply’
The divestment of Shell Philippines Exploration B.V.(SPEX) in the Malampaya deep water gas-to-power project will not affect the country’s gas and power supply, Energy Secretary Alfonso Cusi said.
‘Basin studies key to enticing investors in oil, gas drilling’
The Philippine National Oil Company-Exploration Corp. (PNOC-EC) stressed the importance of a well-crafted study of the country’s 16 sedimentary basins to make these marketable for prospective investors.
‘Closure of Petron refinery possible’
MANILA, Philippines — The country’s last remaining oil refinery is also in danger of closing down, burdened by the heavy cost of operations due to what it describes as the uneven playing field between importers and refiners.
‘Coal plants to boost Luzon grid capacity’
Nearly 6,000 megawatts (MW) of total power generation capacity would be added to the Luzon grid until 2025, the Department of Energy (DOE) said.
‘Days in the sun’
SUMMER is fast approaching, and with it comes a surge in electricity consumption due to rising temperatures.
‘Ensure power supply for vaccine rollout’
THE Department of Energy (DoE) has urged that power supply stability in the Visayas and Mindanao (VisMin) be further improved in preparation for the coming summer months and the rollout of the government’s Covid-19 vaccine program.
‘Govt must include energy efficiency in power mix’
AN energy group is calling on the government to include energy efficiency as one of the resources in charting the country’s energy mix. In a panel discussion during this week’s 2019 Philippine Infrastructure Conference, the Philippine Energy Efficiency Alliance proposed that governments, be it here or overseas, “should slowly move toward incorporating energy efficiency as […]
‘Murang Kuryente Act’ to lower electricity rates in next few months
MANILA, Philippines — The newly-signed “Murang Kuryente Act” will lower consumers’ electricity rates by October or November this year, Senator Sherwin Gatchalian said on Friday. “It will be seen probably on the fourth quarter of this year, October or November but the deadline is 90 days,” Gatchalian, chairman of Senate committee on energy, told ABS-CBN […]