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INSURERS said they are adjusting to the economic damage sustained by their clients during the pandemic by evaluating products like pay-per-use auto coverage and offering schemes that feature smaller payments.
A NEW committee overseeing the electricity spot market will be formed soon to monitor its operations and adjudicate rules breaches, the Department of Energy (DoE) said.
THE National Electrification Administration (NEA) violated its own policy of halting subsidies to rural utilities with a backlog of unliquidated previous funding, the chairman of the Senate energy committee said.
THE Philippines will have to spend more on imported petroleum products over the coming years should it be left with one domestic refinery or...
THE delayed payment of power bills during the entire quarantine period will have a serious impact on the entire power supply chain, electric cooperatives...
PHILIPPINE National Oil Co. (PNOC) said it moved back the start of its feasibility study on establishing a strategic petroleum reserve next year due to delays caused by the coronavirus pandemic.
PHOENIX Petroleum Philippines, Inc. has placed sanitation hubs at select fuel stations, offering professional car cleaning and disinfection services.
THE GOVERNMENT will need to borrow around P38 billion to cover the full cost of its obligations under the Murang Kuryente Act because the budgeted funds amount to only P8 billion, the Power Sector Assets and Liabilities Management (PSALM) Corp. said.
THE Philippines maintained it will not set aside its arbitral win against China over disputed areas in the West Philippine Sea just to proceed with joint oil and gas development, the country’s energy chief said on Monday.
AYALA-LED AC Energy, Inc. and its partner are expanding their network in India with another solar farm in the pipeline.
PRYCE CORP. on Monday reported a 1.24% rise in its net profit between July and September to P1.222 billion over a year ago as it saw growth in liquefied petroleum gas (LPG) sales.
VARIOUS anti-coal groups have asked the government to declare the expiration of the environmental compliance certificate (ECC) of Meralco Powergen Corp.’s (MGen) large coal power plant project in Quezon province as its construction was supposedly delayed for five years.
A government decision to resume exploration activities in the South China Sea will not affect its non-binding deal with China to jointly explore gas...
RURAL utilities posted a collective rise in energy sales and revenues between April and June on increased power usage of their residential consumers.
THE Department of Energy (DoE) is studying a new policy for subsidies on power supplied to remote areas, including the removal of missionary charges currently being paid by consumers.
THE possible uptick in power prices next month due to maintenance on the Malampaya field can be cushioned by dispatching more power from baseload coal and hydropower plants, the independent market operator said.
THE Energy Regulatory Commission (ERC) said it will require power distributors to extend the moratorium on power disconnections until the end of the year.
LIQUIFIED NATURAL GAS (LNG) imports remain the best way to address the Philippines’ power needs in the next few years, the Secretary of Energy said.
THE Department of Energy (DoE) signed off the solar farm project of Meralco Powergen Corp. (MGen) for a grid impact study.
THE PHILIPPINE GOVERNMENT does not have the cash now to buy into Shell Philippines Exploration, B.V.’s (SPEx) stake in the country’s sole natural gas field as the ongoing pandemic drained its financial resources, according to a senator.
THE technology and outsourcing industry said it needs to invest heavily in worker reskilling to come out stronger after the pandemic, which has accelerated the digital shift while also forcing companies to find effective ways to work under quarantine.
THE Department of Energy (DoE) said Thursday that it will appeal a Court of Appeals (CA) ruling which blocked the implementation of its plan to make oil companies reveal the cost structures underlying their retail pricing strategies.
THE GOVERNMENT must lay out contingency measures and environmental safeguards before reopening the mothballed Bataan Nuclear Power Plant (BNPP), a senator said on Tuesday.
NEW buildings and establishments that will undergo renovations will soon be required to source a portion of their power requirements from renewable sources.
STATE-OWNED National Power Corp. (Napocor) has sought a bigger budget for next year to preserve the mothballed Bataan Nuclear Power Plant (BNPP).
THE Department of Energy (DoE) is seeking to promote energy efficiency investment in remote areas, specifically for agriculture and the so-called “last mile” of power service delivery to rural communities.
PH Resorts Group Holdings, Inc. (PHR) is set to list its follow-on offer of P1.125 billion shares after securing the approval of the bourse. In...
Gotianun-led Filinvest Group has launched a program that connects its companies to various startups for their digital transformation. The conglomerate through f(dev), its latest corporate...
A consumer group is seeking a refund of possible over-collections in the missionary electrification charge, citing the declining fuel costs of beneficiary power generators. The...
AYALA-LED AC Energy, Inc. and its partner in Australia have tapped a Spanish-listed contractor to build their large-scale renewables project.
RISKS in the Philippine power sector are increasing as the pandemic pressures both demand and new-build plant construction, Fitch Solutions Group said in a research note.