Philippine Oil Pump Price Bulletin 19 – August 21, 2009

August 21st, 2009 1 Comment   Posted in oil and gas, oil pump prices

Philippine Oil Pump Price Bulletin 19 – August 21, 2009

“Oil companies roll back gas, diesel prices” is the title of Philippine Star Friday’s issue of 21 August 2009.

Pilipinas Shell, Petron Corp. and Total Phils. have reduced the pump prices of gasoline by P1.50 and diesel and kerosene by P1.00 per liter. Chevron/Caltex and PTT would also reduce pump prices of gasoline by P1.50 per liter and P1.00 per liter for diesel and kerosene effective 12 a.m. today, while Phoenix Petroleum Phils. would do so effective 6 a.m. today. Shell said it managed to roll back the price of petroleum products due to reduction in product costs for the past week. More »

How to calculate the levelized cost of energy – some updates

How to Calculate the Levelized Cost of Energy and Electricity – some updates and developments


The author is re-issuing this article in view of the tremendous interest worldwide on this article.  A number of readers have in fact ordered my technology articles, specifically on the cost of power generation technology (a spreadsheet containing the technology, rated capacity, overnight cost $/kW, capacity factor % of rated capacity, fixed O&M $/kW/year, variable O&M $/kWh, energy conversion efficiency % of fuel energy, fuel cost $/GJ, economic life years, construction lead time years, reliability % of operating hours, availability % of calendar days, and levelized cost $/kWh).


Using the NREL formula and a detailed project finance model, I was able to demonstrate that the results would be the same in calculating the levelized cost of energy or electricity.  The reader is adviced to email me if they would like to get a copy of the spreadsheet showing the two calculations.

With the passage of the Philippine Renewable Energy Act of 2009 (RE Law) and its implementing rules and regulations (IRR), it is imperative that financial models for renewable energy projects be revised accordingly.  This author and our group of experts would assist project proponents and investors in the Philippines develop an updated financial model for evaluating their RE project proposals for endorsement by the Department of Energy (DOE) and for the approval of their feed-in tariffs with the Energy Regulatory Commission (ERC). More »

Philippine Oil Pump Price Bulletin 18 – August 5, 2009

August 5th, 2009 No Comments   Posted in oil and gas, oil pump prices

Philippine Oil Pump Price Bulletin 18 – August 5, 2009

“Oil firms raise gas, diesel prices by P1 per liter” is the title of Philippine Star Wednesday’s issue of 5 August 2009 written by Mr. Ted Torres.

Philipinas Shell, Petron Corp., Chevron/Caltex Phils. and Phoenix Petroleum Phils. have increased the pump prices of gasoline and diesel by P1.00 per liter while the price of kerosene was hiked by P0.50 per liter. The price adjustment took effect at midnight.Oil companies cited the need “to reflect movements in international oil prices and reflect local market competition.” Unioil increased the price of diesel by P1.40 per liter last Saturday.  “This is the first time that Unioil will have a price increase as response to the P2.00 increase by competition implemented last week”, Unioil said. As you recall, Total Philippines Corp. and Petro Corp increased pump prices by P2.00 per liter for gasoline, diesel and kerosene last week. More »