Lightning kills 2 in Mandaue City

TWO men were killed after they were struck by lightning while foraging shellfish in Sitio Pajara, Barangay Umapad in Mandaue City on Tuesday afternoon, June 22, 2021. Police identified the victims as Rey Cuyam, 28, a resident of Barangay Umapad; and Erwin Hirasol, 33, a resident of Barangay Mantuyong, Mandaue City. Glendo Demape, who works […]

Spot market power prices decline in June

THE AVERAGE price for power on the wholesale electricity spot market (WESM) was P6.53 per kilowatt hour in June, down from P7.66 in May, the Independent Electricity Market Operator of the Philippines (IEMOP) said Wednesday. In a virtual briefing, IEMOP Manager for Pricing Validation and Analysis John Paul S. Grayda said that the secondary price […]

DoE to regulate reserve power procurement, require 5-year forecasts from NGCP

THE Department of Energy (DoE) said it will set a competitive process for the grid operator’s procurement of reserve power, known as ancillary services (AS), and also require it to submit five-year forecasts for power demand to help ensure that expected needs are sufficiently covered. According to a draft department circular posted on its website, […]

In the name of fair play

Have you ever felt silenced after your explanation was left unheard? Perhaps, as a child, you were scolded without getting a chance to defend yourself; as an adult, perhaps you were handed a traffic violation ticket for an infraction you were wrongly accused of. In tax assessment cases, taxpayers often feel anxious when investigated, a […]

Peso sinks ahead of BSP decision

THE PESO retreated further versus the greenback on Wednesday due to foreign selling at the stock market and cautiousness ahead of the central bank’s policy review. The local unit closed at P48.805 a dollar on Wednesday, shedding 10.5 centavos from its P48.70 finish on Tuesday, data from the Bankers Association of the Philippines showed. The […]