Tag: featured
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ERC Approves FIT-All Increase, Higher Electricity Bills Expected
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Consumers should brace for higher electricity costs next month as the Energy Regulatory Commission (ERC) has approved an increase in the feed-in tariff allowance (FIT-All). The adjustment follows the depletion of the FIT-All Fund, attributed to persistently low prices in the Wholesale Electricity Spot Market (WESM). In a statement, the…
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Electricity Rates Expected to Rise Amid Summer Heat and Election Campaigns
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MANILA, Philippines — Electricity rates in the country’s power spot market may increase in the coming months as demand rises due to hotter temperatures and political campaign rallies. The Wholesale Electricity Spot Market (WESM), where electricity is traded, recorded an average price of P2.96 per kilowatt-hour (kWh) last month, the…
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Court Orders RCBC to Unfreeze Philippine Sanjia Steel Corporation Account
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Cagayan de Oro City, Misamis Oriental — The Regional Trial Court of Misamis Oriental, Branch 41, issued a decisive order on December 23, 2024, reiterating its earlier resolution and temporary restraining order (TRO) to enjoin Rizal Commercial Banking Corporation (RCBC) and its Lapasan Business Center Branch Manager, Sherlene Seriña, from…
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Mayor Treñas Orders Removal of Wires on Diversion Road by January 16, 2025
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ILOILO City Mayor Jerry Treñas has set a deadline for public utility companies to remove their wires and poles along the Diversion Road, also known as Senator Benigno S. Aquino Jr. Avenue, by January 16, 2025. This comes after the city government successfully dismantled the tangled wires at Calle Real…
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ERC Sets P25/kWh Price Cap for Backup Power in Reserve Market
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MANILA, Philippines — The Energy Regulatory Commission (ERC) has introduced a price cap of P25 per kilowatt-hour (kWh) for backup power offered to the National Grid Corp. of the Philippines. During a recent meeting, the ERC decided to set a minimum offer price of zero per megawatt-hour and a maximum…
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How Online Shops Have Transformed Filipino Christmas Shopping Preferences
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The holiday season is a time for celebration, family gatherings, and, for many, a chance to indulge in some retail therapy. In the Philippines, Christmas shopping has always been a long-standing tradition, with bustling malls and crowded markets filling the streets. However, in recent years, a significant shift has taken…
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State of Calamity Declared in Siargao and Bucas Grande Islands Due to Power Outage
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BUTUAN CITY – On Tuesday, the Sangguniang Panlalawigan (SP) of Surigao del Norte passed a resolution declaring a state of calamity in Siargao and Bucas Grande Islands due to a prolonged power outage that began on December 1, caused by a fault in the submarine cable that supplies electricity from…
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Philippines to Host Honor of Kings Season 3 Invitational in 2025
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The Philippines is gearing up to welcome the Honor of Kings Season 3 Invitational, scheduled for February 2025. This prestigious event marks a significant milestone in the country’s burgeoning esports scene, as it will bring together top international teams to compete in one of the world’s most popular mobile games.…
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AkoOFW assails bid to revive e-sabong
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RAISING funds to defray the cost of government programs and projects need not come from sources deemed as dubious, says an advocate group representing migrant workers. In a statement, Advocates and Keepers Organization AKO OFW Inc. chairman Dr. Chie Umandap likewise assailed efforts to revive the so-called e-sabong, an online…
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Former anti-graft chief seeks audit of P245 billion flood control projects amid Metro’s massive flooding
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The former chief of the Presidential Anti-Graft Commission (PAGC) has called for a comprehensive audit of the country’s P245-billion budget for flood control projects for 2024 amid the massive flooding in the capital region following the onslaught of Super Typhoon Carina (international name Gaemi). Atty, Nicasio Conti, former commissioner of…