Global Energy Trading and Bunkerchain complete bunkering sector’s first PoC with TradeTrust Integration
Singapore bunker supplier Global Energy Trading on Friday (18 December) completed the bunkering sector’s first proof of concept (PoC) operation of a fully digitalised marine fuel transaction.
DOE adviser asks firms to put funds into renewable energy
THE National Renewable Energy Board (NREB), which advises the Department of Energy (DOE) on renewable energy (RE) issues, wants power firms that would be affected by the coal ban to realign budgets to finance RE projects.
Meralco gives assurance lowest electricity cost is its objective, too
MANILA, Philippines—Manila Electric Co. (Meralco) on Monday (Jan. 4) sought to assure consumers that it continues to comply with standards set by the government to deliver electricity at the lowest possible cost.
Ban on cross-ownership in power sector proposed
MANILA, Philippines — Bayan Muna Rep. Carlos Zarate wants cross-ownership of distribution utilities (DU) and power generation companies banned “to stop the anticonsumer self-dealing transactions” among these firms.
DOE prepares for green energy auction in June
The Department of Energy said Friday it will push through with the Green Energy Auction program in June for an initial 2,000 megawatts of renewable energy capacity.
Gov’t stance on coal deemed unclear
More than two months after the Department of Energy (DOE) announced a moratorium on new coal-fired projects, the government has yet to spell out this new policy that environment advocates have welcomed.Meanwhile, private firms are firming up commitments to ditch coal eventually, but the same environmentalists profess the same impatience on the slowness of divestment […]
DOE extends FIT incentive for hydro power ‘indefinitely’
The Department of Energy (DOE) has green-lighted ‘indefinite extension’ on the award of feed-in-tariff (FIT) incentives for run-of-river (ROR) hydropower projects that will be pursued by renewable energy (RE) developers.
FIT-All rate increase for RE to greet consumers
Electricity consumers will be greeted with a “Happy New Year rate hike” as they will need to pay more as subsidy to renewable energy (RE) projects via the feed-in-tariff allowance (FIT-All) line item in the electric bills that had been jacked up to P0.0983 per kilowatt hour (kwh), almost double if compared to the current […]
