Energy Columns in PhilStar

Corporate rationality and NGOs irrationality in electricity pricing   ENERGY, INFRA AND ECONOMICS - Bienvenido Oplas Jr. - The Philippine Star  April 17, 2025 | 12:00am https://www.philstar.com/business/2025/04/17/2436532/corporate-rationality-and-ngos-irrationality-electricity-pricing   Last week and this week, there were a number of important developments in the Philippine electricity sector.   On April 10, Power for People Coalition (P4P) released a statement titled, “ERC nod on Meralco power deal slammed, looming power monopoly questioned.”     On April 11, Meralco announced an upward adjustment of P0.723/kWh in the April electricity rate, the overall rate at P13.013/kWh this month from P12.290/kWh last March.   Also on April 11, the National Grid Corp. of the Philippines (NGCP) acted quickly and certified the Panay Energy Development Corp. (PEDC) Unit 3 for regulating reserve. Possibly after they read this column the day before where PEDC 3 was me...

Declining global energy prices and Philippines electricity pricing   ENERGY, INFRA AND ECONOMICS - Bienvenido Oplas Jr. - The Philippine Star  April 10, 2025 | 12:00am https://www.philstar.com/business/2025/04/10/2434754/declining-global-energy-prices-and-philippines-electricity-pricing   Among the unintentional results of the ongoing tariff war between the US and China plus other countries is low global energy prices. World oil, gas and coal prices have been declining since late 2024 but prices further dipped this week.   Main reason is that many companies expect global growth slowdown this year and demand for energy is expected to decline while supply will rise, if not stabilize, at high level, like Trump’s drill-baby-drill policy. So there is little need to stockpile hydrocarbons and coal. And prices fall further.   Declining global energy prices   Here are the prices in the first week of April in 2022, 2023, 2024, 2025 (April 7), respectively:   WT...

China electricity and transport modernization   ENERGY, INFRA AND ECONOMICS - Bienvenido Oplas Jr. - The Philippine Star  April 3, 2025 | 12:00am https://www.philstar.com/business/2025/04/03/2433009/china-electricity-and-transport-modernization   BEIJING – Bright roads and buildings, extensive subway trains covering 880 kilometers in this city alone, high-speed rail covering 45,000 kilometers across the country and a rising number of electric vehicles (EVs) from e-bikes to cars and buses. This is my first time here and I am amazed by these sights of China.   Those trains and EVs run on electricity and China has the largest power generation in the world with 9,456 terawatt-hours (TWh) in 2023. That was double the US’ 4,494 TWh, nine times Japan’s 1,013 TWh, 18 times Germany’s 514 TWh, 33 times the UK’s 286 TWh and 79 times the Philippines’ 119 TWh. The Philippines’ total power generation in 2023 was equivalent to only five days of China generation.   I am here to...

Net growth via more coal power   ENERGY, INFRA AND ECONOMICS - Bienvenido Oplas Jr. - The Philippine Star  March 27, 2025 | 12:00am https://www.philstar.com/business/2025/03/27/2431274/net-growth-more-coal-power   From December 2024 up to this month, many big global banks have left and abandoned the Net Zero Banking Alliance (NZBA) formed in 2021. They realized that they are not optimizing their resources entrusted to them by their investors. So far these are the big banks that left the NZBA.   Six from the US: Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase, Morgan Stanley and Wells Fargo.   Six from Canada: Bank of Montreal, Canadian Imperial Bank of Commerce, National Bank of Canada, Royal Bank of Canada, Scotia Bank and Toronto Dominion Bank.   Three from Japan: Mitsubishi UFJ, Nomura and Sumitomo Mitsui Financial Group. And one from Australia, Macquarie.   The world’s largest asset manager, BlackRock, also abandoned NZBA sister group, th...