The newly commissioned 23.3-megawatt diesel-fed power plant of Isla Norte Energy Corporation (INEC) of the Vivant group will finally end the electricity supply disruptions tormenting residents and businesses in Bantayan island, one of the known tourism pivots of the country. According to INEC, the...
The Energy Regulatory Commission (ERC) reported that it already resolved more than 71,900 "bill shock" complaints that electricity end-users experienced at the height of the Covid-19 pandemic or around summertime last year. The ‘bill shock’ stemmed from relatively ‘high electric bills’...
The Energy Regulatory Commission (ERC) is rigidly scrutinizing the power supply agreements (PSAs) entered into by distribution utilities (DUs) in its bid to strictly disallow ‘overcontracting’ in the electricity supply procurements of regulated power utilities. “Our priorities now, we are...
The Energy Regulatory Commission (ERC) has flagged Central Negros Electric Cooperative Inc. (CENECO) on pass-on of charges to its customers even if these were anchored on contracts or power supply agreements (PSAs) that already lapsed. In particular, the ERC has condemned the act of CENECO for...
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...
State-run Power Sector Assets and Liabilities Management Corporation (PSALM) will be filing a motion for reconsideration on the P980,400.00 penalty imposed by the Energy Regulatory Commission (ERC) on forced outages violation of its newly privatized 650-megawatt Malaya thermal power facility. The...
The Energy Development Corporation (EDC) was slapped with fines by the Energy Regulatory Commission (ERC) after its Nasulo geothermal plant was found to have breached the mandated ‘forced outage limit’ prescribed for such technology in the electricity generation business. In a disclosure to the...
Filipinos living in condominiums and subdivisions will no longer qualify to avail of the ‘lifeline subsidy’ or electricity rate discounts extended to financially challenged power consumers. According to Manila Electric Company (Meralco) Vice President Lawrence S. Fernandez, based on the tenor...
Due to higher transmission charges, customers of Manila Electric Company (Meralco) will be shelling out heftier amount for their electricity bills this October, as the overall tariff of their servicing utility inched up by P0.0283 per kilowatt-hour (kWh) to P9.1374 from P9.1091 per kWh last month....
On fears that the Wholesale Electricity Spot Market (WESM) will be operating with financial deficit, its governance body Philippine Electricity Market Corporation (PEMC) is seeking higher market fees to be implemented to trading participants starting this month – even without prior regulatory...
The Philippine Electricity Market Corporation (PEMC), in its capacity as governance body of the Wholesale Electricity Spot Market (WESM), is sorting out ‘refund mechanism’ on congestion charges collected from consumers in the Visayas grid. PEMC will also be taking the lead in enforcing the...
The Energy Regulatory Commission (ERC) has ordered two electric cooperatives (ECs) to stop passing on to their customers the charges on “reinvestment fund for sustainable capital expenditures” (RFSC) pending compliance to regulatory mandate on the submission of documents that will determine the...
