Energy & Mining
Diesel price eases by P3 per liter as gasoline, kerosene move lower
The cost of petroleum products are set to drop a second time this week beginning past midnight Tuesday.
Fuel retailer spending P1.5B to bulk up its national standing
Fuel retailer Jetti Petroleum Inc. is keen on spending up to P1.5 billion to add more fuel stations to its portfolio over the next two years.
Disallowed expenses further complicate NGCP bookkeeping woes
Apart from having to refund prospectively billions of pesos worth of revenue claims, the National Grid Corporation of the Philippines (NGCP) also face the indignity of reclassifying an undetermined amount of expenses merely because its regulator, the Energy Regulator Commission (ERC), failed to do its mandate.
Transmission charge adjustment pushes Meralco bill higher in December
Manila Electric Co., the country’s largest power distributor, said Thursday power rates in November will increase by P0.2347 a kiloWatt-hour, an upward adjustment that will be reflected in consumers’ December electricity bill.
ERC determines higher-than-permissible NGCP MAR over four years; likely refund looms
The Energy Regulatory Commission (ERC) has determined a much lower value in the maximum allowable revenue (MAR) permitted of the National Grid Corporation of the Philippines (NGCP) for the years 2016 through 2020.
