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DOE thumbs down tax on coal-fired power plants

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The Department of Energy (DOE) has opposed the proposed imposition of an environmental tax on coal power projects on concerns this would raise electricity rates and derail investments meant to prevent power supply deficits in the future.

Posted: November 19th, 2014 in Headlines | Read More »

PH urged to ensure consistency in energy policies

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AFP FILE PHOTO

A global energy expert has stressed the need for the government to ensure consistency in energy policies and to avoid making “political, short-term” changes if it intends to attract more long-term energy investments that could support the continued growth of the Philippine economy.

Posted: November 5th, 2014 in Latest Business Stories | Read More »

Lower WESM price cap urged

INQUIRER FILE PHOTO

Consumer advocacy group Citizenwatch is seeking a lower secondary price cap at the Wholesale Electricity Spot Market (WESM) and make it permanent to shield consumers from high electricity rates amid the tight power supply situation and expected plant outages.

Posted: October 17th, 2014 in Latest Business Stories | Read More »

Power firms commit 5,418MW in new capacity

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The Department of Energy (DOE) is expecting 5,418.73 megawatts (MW) in additional power generation capacity from projects committed by the private sector in response to growing demand for electricity in the country.

Posted: October 10th, 2014 in Headlines | Read More »

Exports up 12.4% in July, but Neda warns power lack may slow growth

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Socio-economic Planning Secretary Arsenio M. Balisacan. INQUIRER FILE PHOTO

The country’s shipments abroad rose double-digits in July, growing second-fastest in the East and Southeast Asian regions after economic giant China, the Philippine Statistics Authority (PSA) reported Wednesday.

Posted: September 10th, 2014 in Latest Business Stories | Read More »

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