The Energy Regulatory Commission (ERC) has instituted revisions in the ‘financial capability standards’ that generation companies (GenCos) must comply with, primarily in ensuring their operational viability. The regulatory body stated it comprehended the need to amend and update the...
The Energy Regulatory Commission (ERC) has approved P13.885 billion worth of refund to Manila Electric Company (Meralco) that will translate to rate reduction of P0.1528 per kilowatt hour (kWh) in their customers’ electricity bills by next month. (MANILA BULLETIN) As mandated by the regulatory...
The Energy Regulatory Commission (ERC) was able to reclaim jurisdiction over hearings and investigation of cases of anti-competitive behavior or collusion raps against the power generation companies. According to Atty. Maria Corazon C. Gines, director of ERC’s Legal Services, the Supreme Court...
Razon-led MORE Electric and Power Corporation (MORE Power) has applied for P1.982 billion worth of capital expenditures (capex) with the Energy Regulatory Commission (ERC) for the reinforcement and expansion of its power distribution network in Iloilo City. In its filing with the regulatory body,...
The Energy Regulatory Commission (ERC) has approved the integration of pass-through taxes in the electric bills that will be dispatched by distribution utilities (DUs) to their customers. In a recently issued resolution, the regulatory body has allowed the pass-on of taxes being levied to private...
At least 20 distribution utilities (DUs), including electric cooperatives, in the Luzon grid had been ordered to refund over-collections to their customers; and their mandated paybacks range from P0.0014 to P0.6266 per kilowatt hour. (MANILA BULLETIN) According to the Energy Regulatory Commission...
Given the unremitting jolt on workplaces brought about by the Covid-19 pandemic, the Energy Regulatory Commission (ERC) announced that it has revised its Rules of Practice and Procedure (RPP) so this can keep pace with the ‘new normal setting’ in the regulation of the energy sector. As pointed...
The Energy Regulatory Commission (ERC) will be auditing the collection and utilization of the ‘reinvestment fund for sustainable capital expenditures’ (RFSC) of the electric cooperatives (ECs), to assess if these have been in accordance with the prescribed tariff-setting rules. ERC Chairperson...
The Energy Regulatory Commission (ERC) is still firming up the pricing formula for the targeted ‘tariff ceiling’ that shall be instituted for the 2,000 megawatts of renewable energy (RE) capacity auction targeted by mid-June this year. Sharon Montaner, director of the Market Operations Service...
Power utility giant Manila Electric Company (Meralco) has applied for regulatory approval on its proposal to refund to its customers P13.885 billion cost over-recoveries arising from the implementation of its actual weighted average tariff (AWAT) within the lapsed regulatory period from July 2015...
A price-setting and regulation of liquefied natural gas (LNG) procured through third party access (TPA) shall be subject to a regulation of the Energy Regulatory Commission (ERC), which shall also be crafting the warranted TPA Code for the industry. That has been one of the key recommendations...
The Energy Regulatory Commission (ERC) has tapped mid-tier accounting and advisory firm Roxas Cruz Tagle and Co., a member company of BDO International Ltd., to be its third party consultant in the audit of refunds carried out by power utility giant Manila Electric Company....
