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Solon raises red flag over Chevron-Udenna deal

Senator Sherwin Gatchalian raised the red flag Sunday over the “defective and invalid” Chevron-Udenna deal involving the Malampaya gas project. “There is enough evidence that the decision rendered by the Department of Energy (DOE) to approve the sale of Chevron Malampaya’s 45 percent stake in the Malampaya gas project to… ....

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NegOcc solon bats for review of power pricing policy

POWER STATION. A power station of Central Negros Electric Cooperative in Bacolod City. Negros Occidental 3rd District Rep. Jose Francisco Benitez on Thursday (Oct. 14, 2021) urged the Energy Regulatory Commission (ERC) to review pricing regulations in the Wholesale Electricity Spot Market (WESM) on the heels of higher power rates experienced by Negrense consumers.(PNA Bacolod file photo) BACOLOD CITY - A lawmaker from Negros Occidental has urged the Energy Regulatory Commission (ERC) to review pricing regulations in the Wholesale Electricity Spot Market (WESM) on the heels of higher power rates experienced by Negrense consumers. In a statement on Thursday, 3rd District Rep. Jose Francisco Benitez said electric cooperatives are now buying more expensive power supply from WESM to compensate for the lack of supply due to outage in the Cebu-Negros transmission line. The WESM is the venue for trading electricity as a commodity in the Philippines and was created under Section 30 of Republic ....

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