Residential customers of Manila Electric Company (Meralco) will have to bear higher electric bills this month as the utility firm’s tariff had gone up by P0.5363 per kilowatt hour (kWh) or aggregate P107.26 for those in the 200-kilowatt consumption threshold. According to the power company, the...
The Energy Regulatory Commission (ERC) is scheduling two days of public hearings on April 26 and 28 for the applied increase in the distribution charge of power utility giant Manila Electric Company (Meralco), and that is a key component of the overall tariff it has been passing on in the...
Energy stakeholders with rate petitions or license applications will no longer wait patiently for slow-moving elevators, as the Energy Regulatory Commission (ERC) has announced that it is moving into a modern and eco-friendly office at the Exquadra Tower within the enclaves of the Ortigas Business...
Manufacturing facilities in the country have been the "first movers" in signing up power supply agreements (PSAs) for 100 percent renewable energy (RE) for their electricity requirements. Initially, 17 contracts have already been registered by the Independent Electricity Market Operator of the...
Eagle-eyed Energy Regulatory Commission (ERC) has stepped up investigation on the simultaneous unplanned shutdowns of habitually-delinquent power plants that plunged Luzon grid anew into "yellow alert" condition over the weekend. Following the forced outages of at least seven generating units last...
ERC sets ‘reserve prices’ for RE capacity auction By MYRNA M. VELASCO The Energy Regulatory Commission (ERC) has issued the preliminary green energy auction reserve (GEAR) pricing for renewable energy (RE) capacity installations scheduled for bidding this year by the Department of Energy (DOE)....
The Energy Regulatory Commission (ERC) is reviewing the proposed lifting of the P6.245 per kilowatt hour (kWh) secondary price cap (SCP) at the Wholesale Electricity Spot Market (WESM) after an appeal from the power generators due to soaring fuel prices in the world market. The generation companies...
A “special settlement arrangement” is being firmed up for the trading of capacity in the Wholesale Electricity Spot Market (WESM) for the scheduled energization of the P52-billion Mindanao-Visayas Interconnection Project (MVIP), or the link-up of power grids in the two islands as concretized by...
Ilocos Norte Electric Cooperative (INEC) will refund its customers P480 million-worth of over-recoveries from bill collections that accrued from years 2004 to 2010. The Energy Regulatory Commission (ERC) said the refund to INEC customers is based on a recent ruling by the Supreme Court that...
The Department of Energy (DOE) will be firming up the terms of reference (TOR) for the targeted auction of 2,000 megawatts of renewable energy (RE) capacity that will be offered to investors this year. The TOR for the RE bidding, according to Energy Assistant Secretary Redentor E. Delola, will be...
The Energy Regulatory Commission (ERC) has ordered the Philippine Electricity Market Corporation (PEMC), the governance body of the Wholesale Electricity Spot Market (WESM), to finally lift the spot trading suspension for the Bohol segment enforced roughly two months ago. The regulatory body...
Listed firm SPC Power Corporation has asked the Energy Regulatory Commission’s (ERC) to reconsider the P4.024 million penalty it enforced on the forced outages" of its diesel power plant operated by subsidiary SPC Island Power Corporation that breached the limit allowed by the regulatory agency....
