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....
The coronavirus pandemic may have limited physical mobility in government offices, but the Energy Regulatory Commission (ERC) reported that it logged ‘better performance’ in 2020, with higher number of cases resolved within the period. The regulatory body said there had been 21-percent hike in...
Customers of Manila Electric Company (Meralco) will need to pay additional P0.2744 per kilowatt hour (kwh) in their electric bills this month, as the overall tariff of the utility firm had increased to P8.7497 per kwh this January from last month’s P8.4753 per kwh. For typical residential...
Power utility giant Manila Electric Company (Meralco) is anticipating probable increase in power rates to be passed on to its customers in the January bills. The power firm said there had been lower demand in Luzon grid within December supply month, hence, the fixed cost component in the...
The Energy Regulatory Commission (ERC) has junked the bid for feed-in-tariff (FIT) incentive of energy technologies that shall be harnessed from ocean resources, primarily those leaning on ocean thermal energy conversion (OTEC) applications. Instead, the regulatory boy had directed the National...
A new price determination methodology (PDM) has been instituted for the Wholesale Electricity Spot Market (WESM) in its shift to shorter five-minute trading interval that is targeted for enforcement middle of this year. The Energy Regulatory Commission (ERC) approved the new pricing methodology...
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...
Power utility giant Manila Electric Company (Meralco) had been ordered to refund P1.4 billion worth of over-collections on pass-through charges relating to transmission rate; lifeline subsidy rate and senior citizen subsidy rate. Nevertheless, the customers of the utility firm will not fully enjoy...
As power plant outages have been tormenting consumers not just of brownouts but also of electricity rate spikes, the Energy Regulatory Commission (ERC) has tightened the rules and the benchmark on the allowable service interruptions in electric generating facilities. Energy Regulatory Commission...
The Department of Energy (DOE) has suspended the issuance of “certificates of energy projects of national significance” (CEPNS) to various projects being proposed by industry players....
