Friday, Jan 20 2012
NEWS – ENERGY, POWER AND FUEL
Address high power rates, Philippines urged
Amy R. Remo, Philippine Daily Inquirer
12:46 am | Tuesday, January 10th, 2012
The Philippine government must address its steep electricity rates and come up with more incentives for companies to set up manufacturing hubs, if it wants to step up as the next favored destination in the Asean region.
Continuing roadblocks in energy sector: Policy delays, unresolved rate increases
(Yearend Report)
By MYRNA M. VELASCO, Manila Bulletin
January 3, 2012, 8:00am
MANILA, Philippines — A deeper look at the Aquino administration’s score card in the energy sector will reveal delays – and missed targets – when it comes to policy implementations.
DoE commissions power rates study-
By MYRNA M. VELASCO, Manila Bulletin
January 6, 2012, 11:45pm
MANILA, Philippines — So it can aptly explain to the Filipino consumers how electricity rates are being structured in this country, the Department of Energy (DoE) is extending full support to the Asian Rate Comparison Study being spearheaded by the United States Agency for International Development.
DTI seeks way to ease power rate hike in ecozones
By Ma. Elisa P. Osorio, The Philippine Star
Updated January 10, 2012 12:00 AM
MANILA, Philippines – The Department of Trade and Industry (DTI) vowed that it will find a way to maintain the power rates in the economic zones amidst reports that the new scheme the government is working on will force firms to pay a higher power rate.
Cabinet tables ecozone power rate
By MYRNA M. VELASCO, Manila Bulletin
January 9, 2012, 12:08am
MANILA, Philippines – The economic cluster of the Cabinet will formally tackle in their meeting this week the proposed extension of the electricity rate discounts that shall be granted to locator-businesses in economic zones.
NGCP seeks revenue adjustment to P47.7 B, lower rates seen
By MYRNA M. VELASCO, Manila Bulletin
January 9, 2012, 12:03am
MANILA, Philippines —Transmission asset concessionaire National Grid Corporation of the Philippines (NGCP) is seeking adjustment in its maximum allowable revenue (MAR) this 2012 to P47.775 billion as referenced on its third regulatory reset under performancebased regulation.
Meralco Sees Reduction in January Generation Charge, WESM Prices Lower
By MYRNA M. VELASCO, Manila Bulletin
January 6, 2012, 11:29pm
MANILA, Philippines — A downtrend in prices at the Wholesale Electricity Spot Market (WESM) is seen resulting in rate reduction to be billed to the customers of Manila Electric Company (Meralco) this January.
Rates for Prepaid Electricity Proposed
Manila Bulletin, January 2, 2012, 2:03am
MANILA, Philippines — A rate structure that will follow the price trend of postpaid service will be applied to end-users which shall be availing of the innovative prepaid electricity service, a key proposal being put forward by power utility giant Manila Electric Company.
UC exemption requires EPIRA amendments
By MYRNA M. VELASCO, Manila Bulletin
January 8, 2012, 1:21am
MANILA, Philippines — For the marginalized electricity consumers to be granted exemption from paying the stranded liabilities-induced universal charges (UC), proposed revisions in the Electric Power Industry Reform Act (EPIRA) will have to be lodged by energy officials to the Joint Congressional Power Commission.
WESM’s reserve default pricing pushed
By MYRNA M. VELASCO, Manila Bulletin
January 8, 2012, 1:19am
MANILA, Philippines — On the array of price mitigating measures proposed by the Philippine Electricity Market Corporation (PEMC) for the reserve market, the industry regulator sets keen interest on instituting an ‘automatic default reserve price substitution mechanism’ that can prevent any abuse of ‘market power’ by players in the industry.
DoE to assume ‘vast powers’ in WESM’s independent market operation
By MYRNA M. VELASCO, Manila Bulletin
January 5, 2012, 3:09am
MANILA, Philippines — With the much-anticipated institutionalization of an independent market operator (IMO) that shall oversee the Wholesale Electricity Spot Market (WESM), the Department of Energy (DoE) will assume vast powers in the approval of market rule changes and in the appointment of board memberships.
PSALM mulls WESM trading, open access option for undisposed capacity
By MYRNA M. VELASCO, Manila Bulletin
January 5, 2012, 3:09am
MANILA, Philippines — The Power Sector Assets and Liabilities Management Corporation (PSALM) is already studying in advance the marketing strategy for its ‘undisposed capacity’ upon the lapse of its extended supply contract with Manila Electric Company (Meralco) by the end of this year.
3 law firms submit tender in PSALM’s claim with Lehman
By MYRNA M. VELASCO, Manila Bulletin
January 1, 2012, 12:00am
MANILA, Philippines — Three law firms have submitted offers in the re-bid process undertaken by the Power Sector Assets and Liabilities Management Corporation (PSALM) on its foray to recover some $3.5-million claims with legally-insolvent Lehman Brothers.
National Grid asks gov’t to drop wait-and-see stance on renewable energy dev’t
Amy R. Remo, Philippine Daily Inquirer
7:18 pm | Thursday, December 29th, 2011
MANILA, Philippines—The National Grid Corp. of the Philippines has urged the government to drop its “wait-and-see” stance in approving transmission investments for renewable energy facilities.
Mindanao faces power shortage in 2012; PSALM urged to rush sale of diesel-fired barges
Amy R. Remo, Philippine Daily Inquirer
12:51 am | Monday, January 9th, 2012
Energy Secretary Jose Rene D. Almendras has urged the state-run Power Sector Assets and Liabilities Management Corp. (PSALM) to rush the sale of government-owned diesel-fired power barges as these might be necessary to avert a power supply shortfall in Mindanao this year.
DoE considers gas supply aggregator
By MYRNA M. VELASCO, Manila Bulletin
January 3, 2012, 8:00am
MANILA, Philippines — With prospects of limited gas supply from the country’s Malampaya gas field, the Department of Energy (DoE) is seriously weighing options on the creation of an “aggregator entity” that shall manage procurement of gas supply from offshore sources.
ADB Sets $500-M Standby Facility For Philippine Energy Projects
By MYRNA M. VELASCO, Manila Bulletin
January 2, 2012, 2:03am
MANILA, Philippines — Roughly $500 million (approximately P22 billion) in credit facilities of the Asian Development Bank (ADB) are being queued for new energy projects in the Philippines.
Gov’t May Lose P48-B Investments, Lack Of Bioethanol Protection Blamed
By MELODY M. AGUIBA, Manila Bulletin
January 8, 2012, 11:53pm
MANILA, Philippines — The country stands to lose some P48 billion in bioethanol investments due to lack of firm policy to grant tariff protection to the domestic bioethanol sector against ethanol imports from Brazil, which now practically enjoy zero tariff rate.
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