Energy & Mining
Vivant Energy unit to supply 2.83 MW to Bulacan pole line maker
Vivant Energy’s retail arm COREnergy will supply 2.83 MW of power to four Jocelyn Forge facilities in Bulacan until 2028. The deal under the Retail Aggregation Program gives the pole line hardware maker more affordable rates and protection from spot market price swings, supporting its power-intensive production. The agreement aligns with Vivant’s P67 billion investment plan for energy and water projects through 2030, as it works toward reaching 1,000 MW total capacity with 30 percent renewable share.
Gov’t launches pioneer white hydrogen search in Pangasinan
The Department of Energy (DOE) has confirmed that Koloma Inc. has begun formal surveys and studies to verify if commercially viable amounts of naturally occurring hydrogen exist in Pangasinan. Koloma holds Service Contract No. 84 covering a hydrogen resource area in the province, and also operates the adjacent Service Contract No. 83 that spans parts of Zambales.
DOE considers changing fuel price advisory format amid Middle East volatility
The Department of Energy (DOE) announced on Monday that gasoline prices per liter could either fall by as much as P1 or rise by up to P1 this week, while diesel and kerosene rates will definitely see increases. Diesel is expected to go up by P2.62 to P4.62 per liter, and kerosene by P2.22 to P4.22 per liter. Last week, gasoline could have dropped by up to P1.75 or increased by a maximum of P0.25, while diesel and kerosene were permitted rollbacks ranging from P1.57 to P3.57 and P1.70 to P3.70 respectively. As of today, only Seaoil has released its official price adjustments, taking effect at 6 a.m. on July 14: gasoline will rise by P1 per liter, diesel by P4.60, and kerosene by P2.30 across the board.
Jocelyn Forge powers savings with COREnergy electricity deal
Pole line hardware manufacturer Jocelyn Forge, Inc. (JFI) has signed a retail electricity supply agreement with COREnergy, seeking lower power costs and a more reliable energy supply as manufacturers increasingly turn to competitive electricity sourcing to improve efficiency and protect margins.
ERC approves revised power plant reliability rules
The Energy Regulatory Commission (ERC) has adopted updated regulations covering reliability performance indices and on permissible unplanned outage days for power generating units across the country.
