The Energy Regulatory Commission (ERC) has issued a total of 40 show-cause orders to 37 generation companies (GenCos) after they failed to submit complete fuel purchase documents. These documents are necessary to ensure fair electricity prices charged to consumers. In a statement, the ERC said that...
The Energy Regulatory Commission (ERC) has set at 6,367,759 megawatts the maximum installed capacity a generation company (GenCo) can own and could dispatch nationwide to ensure market competition. The limit is based on the Electric Power Industry Reform Act (EPIRA), which provides the market share...
The Energy Regulatory Commission (ERC) is reviewing the appeal of generation companies (GenCos) for possible upward adjustment in the secondary price cap (SPC) of the Wholesale Electricity Spot Market (WESM) as existing rate could no longer support warranted return on investments (ROIs) if they...
The Department of Energy (DOE) is trying to paint a scenario that Luzon grid will still have supply despite forecasts of strained reserves. At the same time, the agency stopped short of admitting that with just one major plant that will conk out, such incident will result in "red alert" or a...
Distribution firms must set up refund facility -- ERC By Myrna M. Velasco The country’s power distribution utilities (DUs) are being mandated to set up "restricted fund" which they can readily tap into for the implementation of refund to customers. This contingency is in preparation in case a...
A lingering disconnect between the Department of Budget and Management (DBM) and the National Power Corporation (Napocor) over the latter’s 2023 budget allocation could lead to very unsavory consequences for Filipinos. (Amie Johnson/ Unsplash) Senior Deputy Minority Leader and Northern Samar 1st...
A group that is promoting the welfare of Overseas Filipino Workers (OFWs) is urging government to prioritize solutions on high electricity rates and the country’s dilemma of recurring tight power supply, that at times even result in rotational blackouts. The Advocates and Keepers Organization of...
The Philippine Independent Power Producers Association Inc. (PIPPA), an organization of the country’s energy generation companies (GenCos), has been prodding for the contracting of sufficient power reserves to guarantee reliability of power, especially during the election period. The appeal of...
With alarm bells raised on highly probable rotational blackouts during the summer months, the country’s generation companies (GenCos) are being warned that breach of regulatory policy on ‘force outage caps’ will not be tolerated, hence, they shall be ready to be meted anew with penalties....
At least 10 generation companies (GenCos) that were tagged as culprits in last year’s summer brownouts had been penalized by the Energy Regulatory Commission (ERC) for breaching the prescribed limits on "forced outages" of generating facilities. According to the ERC, those that have been meted...
The Department of Energy (DOE) has required the country’s coal-fired power plants to submit full report of their ‘fuel inventories’, including shipment details that they may encounter if the Indonesian coal export ban is lifted. “We required them (power firms) full reports...the...
Philippine banks have categorically stated that they still strictly require power supply agreements (PSAs) before they will extend loans to power generation projects – be that in the renewable energy (RE) space or other energy technologies. During an Energy Investment Forum, BDO Capital &...
