Tag: DOE

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DOE eyes faster permits as EV demand accelerates

Energy & Mining Context.ph Context.ph -
The Department of Energy (DOE) is moving to cut red tape for electric vehicle (EV) charging stations, pushing for a joint memorandum circular with key government agencies to dramatically shorten permitting timelines as EV adoption gains momentum nationwide.

Marcos orders rapid fix for Luzon power grid

Energy & Mining Context.ph Context.ph -
President Ferdinand R. Marcos Jr. has ordered an urgent restoration of key transmission lines after recent power disruptions hit multiple areas across Luzon. Following the...

DOE lauds Visayas utilities for reporting discipline

Energy & Mining Context.ph Context.ph -
The Department of Energy (DOE) has recognized MORE Electric and Power Corp. (MORE Power) and Negros Electric and Power Corp. (Negros Power) for timely and complete compliance with key reportorial requirements, highlighting the growing role of high-quality data in managing the country’s power system amid rising demand.

PXP unit secures DOE approval for SC 91

Energy & Mining Context.ph Context.ph -
PXP Energy Corp. said its indirect subsidiary has secured the formal effectivity of a new petroleum contract covering a prospective offshore block in Palawan, marking a step forward in its upstream portfolio.

Hormuz access deal secures supply, not prices

Energy & Mining Context.ph Context.ph -
Energy Secretary Sharon Garin said the Philippines has secured “safe and preferential access” through the Strait of Hormuz, a move aimed at reducing supply risks amid rising global tensions, but one that will not immediately lower pump prices.
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OceanaGold sets aside P768.43M for Didipio mine rehabilitation and decommissioning

Energy & Mining 0
OceanaGold Philippines Inc. (OGPI) has allocated P768.43 million under its Final Mine Rehabilitation and Decommissioning Plan (FMRDP) for the Didipio gold and copper mine that spans Nueva Vizcaya and Quirino provinces. In a statement released Sunday, the listed mining firm confirmed that P551.4 million has already been placed in a trust fund. The company said the fund will keep growing in line with required annual contributions as it moves forward with rehabilitation and closure preparations while the mine remains active.

ERC approves provisional FIT-All rate hike to P0.3359 Per kWh

Energy & Mining 0
The Energy Regulatory Commission (ERC) has granted the National Transmission Corporation (TransCo) provisional authority to collect a higher Feed-in Tariff Allowance (FIT-All) rate starting this month. The rate will rise to P0.3359 per kilowatt-hour (kWh) from the existing P0.2011 per kWh, marking an increase of P0.1348 per kWh. This adjustment covers the approved working capital allowance (WCA) rate update.

Meralco backs ERC-ordered P9.5B consumer refund program

Energy & Mining 0
Listed Manila Electric Co., the country’s largest power distributor and better known as Meralco, on Sunday said it will immediately comply with the Energy Regulatory Commission's (ERC) directive to refund about P9.5 billion to customers, backing the government's push to deliver quicker and more transparent electricity bill relief.

PCCI says power bill relief must lead to deeper energy reforms

Energy & Mining 0
The Philippine Chamber of Commerce and Industry (PCCI) said the government's plan to scrap systems loss charges and the value-added tax (VAT) on electricity bills should serve as a springboard for broader reforms aimed at lowering power costs and improving the country's investment competitiveness.

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