In ceremonies held today, the Department of Energy (DOE) has launched the 5th Philippine Energy Contracting Round (PECR5) for the exploration of potential coal and petroleum areas in the country.
With all these measures, the DOE ensures that the government is one with all the people in aiming for the stabilization of the power situation in Mindanao that will not only result to supply reliability but will also take into consideration consumer acceptability.
As part of the Department of Energy’s (DOE) long-term goal to ensure energy security, the department will be launching the 5th Philippine Energy Contracting Round (PECR5) on May 9, 2014, for the exploration of potential coal and petroleum areas in the country.
The Department of Energy has launched Wattmatters—a website that informs consumers of ways they can save money, by being conscious and informed of the rate at which their appliances consume electricity.
Secretary of Energy Carlos Jericho Petilla said “We respect the Supreme Court’s decision, yet we are hoping for the final decision on the matter.” He added that “generation companies [gencos] ensure the Department to continue producing electricity despite the TRO.”
Given the rising power demand during summer, ILP is part of the country’s demand-side management program. ILP serves as an option for DUs like Meralco and electric cooperatives to ask their big load customers to serve their own power needs by using their own generator sets in the event that all available mechanisms implemented to ensure supply are not enough to cover the demand for electricity.
The Department of Energy (DOE) encourages the public to use fuels and electricity judiciously especially in the summer months when demand will be higher.
The Department of Energy (DOE) warns the public and energy stakeholders of unscrupulous individuals posing as Secretary Carlos Jericho L. Petilla and certain DOE employees soliciting money from distribution utilities and electric cooperatives and oil companies across the country to fund team building and certain occasions.
The Department of Energy (DOE) and the Export-Import (Ex-Im) Bank of the United States signed a Memorandum of Understanding (MOU) today for $1-billion worth of financing guarantees to further facilitate renewable energy (RE) and liquefied natural gas (LNG) industries in the Philippines.
The PECR-5 Circular reiterates the government’s promotion of the exploration, development, and production of the country’s indigenous petroleum and coal resources through a transparent and competitive system for awarding service and operating contracts with local and foreign investors.
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