ELECTRICITY prices in the Wholesale Electricity Spot Market (WESM) slightly fell by 1.8 percent to P3.5 per kilowatt hour (kWh) in February from P3.56 per kWh a month ago due to improved supply conditions in Luzon that helped stabilize overall market outcomes despite tighter supply conditions in other regions.
ENERGY DEVELOPMENT CORP. (EDC) is gaining steam this year as it plans to begin drilling at least one well in Indonesia, the world’s second-largest geothermal producer.
MANILA ELECTRIC CO. (Meralco) shares dipped last week despite favorable developments concerning the power distributor and its position as one of the most traded stocks by value turnover.
Luzon’s plummeting spot market prices are set to provide buffer against electricity rate hikes this month, though persistent grid bottlenecks mean the Visayas and Mindanao regions will be excluded from the relief.
The Government Service Insurance System (GSIS) and the Social Security System (SSS) will be observing a four-day onsite work week starting March 9 in line with the government’s energy conservation efforts.
MANILA – State agencies have been directed to strictly implement the Government Energy Management Program (GEMP) to save energy and cushion the impact of the ongoing Middle East conflict on domestic oil supply.
The Department of Energy (DOE) is working with the Department of the Interior and Local Government (DILG) and the Philippine National Police (PNP) to intensify monitoring against possible hoarding and profiteering in the sale of petroleum products amid the ongoing conflict in the Middle East.
Continuing concerns over the Middle East conflict may push next week’s fuel pump prices even higher than recent projections, while the government awaits the decision of petroleum companies on possibly implementing staggered increases.
Electricity prices in the country are expected to increase following the upward movement of global fuel prices due to the ongoing conflict in the Middle East, the Energy Regulatory Commission (ERC) said Friday
Kaawa-awa ang mga kababayan natin sa Tagum City, Island Garden City of Samal, at ilang mga munisipalidad ng Davao del Norte at Davao de Oro na matagal nang nakararanas ng suliranin sa suplay ng kuryente.