Telecom giant Globe is batting for an accelerated lowering of the Retail Competition and Open Access (RCOA) consumption threshold in the electricity sector from the current 500 kilowatts to 10 to 99 kw so small businesses and enterprises can directly choose their electricity suppliers. RCOA is a...
Former senator Joseph Victor “JV” Ejercito has called on the national government to review the Electric Power Industry Reform Act (EPIRA) in order to mitigate the effects of the ongoing fuel crisis. Ejercito noted that the continuing rise in the price of electricity and chronic power shortages...
The city government of Ormoc is solidifying its stance on enticing capital that will be funneled into renewable energy (RE) projects partly to help the locality meet its power requirements, as well as contribute to the country’s overall energy needs. The city’s desire for RE investment flows...
The Energy Regulatory Commission (ERC) is seeking guidance from the Securities and Exchange Commission (SEC) on the appropriate modality in the mandated initial public offering (IPO) of power generation companies (GenCos). “We are in consultation with SEC for us to be able to come up with a more...
The review committee and the board of directors of state-run Power Sector Assets and Liabilities Management Corporation (PSALM) has approved the proposed competitive bidding for the operation and maintenance (O&M) contract of the 150-megawatt Casecnan hydropower facility. psalm logo In the...
State-run Power Sector Assets and Liabilities Management Corporation (PSALM) is courting prospective investors who are interested to join the second round of auction it will be undertaking for a prime real estate asset in Pampanga. psalm logo The property, which is sited in Barangay Lagundi at the...
The Energy Regulatory Commission (ERC) is soliciting inputs from industry stakeholders for the crafting of the implementing rules and regulations (IRR) of Republic Act 11552, which seeks to extend the lifeline subsidy or discount rate for marginalized electricity consumers for the next 50 years....
Senator Risa Hontiveros on Thursday questioned the National Grid Corporation of the Philippines (NGCP) over its P448-million expenses on advertisements and entertainment, saying these should not be passed on to electricity consumers as these are not critical to power transmission operations. “It...
The required initial public offering (IPO) for power generation companies (GenCos) at the Philippine Stock Exchange (PSE) has been proposed for scrapping, so the restructured electricity sector can attract more investments. To lift that mandate of the Electric Power Industry Reform Act (EPIRA),...
Senator Sherwin Gatchalian is seeking passage of a measure that would open up the country’s electricity market by lifting the public offering requirement provision in the Electric Power Industry Reform Act or EPIRA Law to lure more generation companies into investing in the Philippines....
The House Committee on Energy on Monday, May 24 approved a bill that would give the Joint Congressional Energy Commission (JCEC) a permanent status, removing in the process its expiration as a body exercising oversight functions on the energy sector. In a committee hearing alternately presided over...
Power retail competition expanded More Filipino consumers can already exercise their ‘power of choice’ on their electricity service as the threshold for power retail competition will be brought down to 500 kilowatts by February 2021, based on the prescription of Retail Competition and Open...
