In upholding greater public interest and to spare consumers from unwarranted power service interruptions, the Energy Regulatory Commission (ERC) has issued amended rules allowing big-ticket customers to change retail electricity suppliers (RES) even if they still have unresolved dispute with their...
Prime Infrastructure, the energy investment arm of the Razon group, will be joining the growing retail electricity suppliers (RES) catering to the power needs of contestable customers, or the segment of end-users that can directly negotiate or contract with their preferred service providers....
The Independent Electricity Market Operator of the Philippines (IEMOP), operator of the Wholesale Electricity Spot Market (WESM), will be enforcing enhancements in its registration system to open power retail aggregation to a broader end-user coverage. The electricity market operator said it is...
The Energy Regulatory Commission (ERC) has reported an increase in the average rate offer in the electricity retail market space at P4.05 per kilowatt hour (kWh) as of April this year; from a leaner average of P3.63 per kWh weighted average as of its monitoring report in 2021. The electricity...
UP to kick off power retail aggregation phase By MYRNA M. VELASCO The era of retail competition in the restructured electricity sector will finally enter the "aggregation phase" starting off with the University of the Philippines in Diliman, Quezon City which contiguous areas and their end-users...
Telecom giant Globe is batting for an accelerated lowering of the Retail Competition and Open Access (RCOA) consumption threshold in the electricity sector from the current 500 kilowatts to 10 to 99 kw so small businesses and enterprises can directly choose their electricity suppliers. RCOA is a...
Citicore Energy Solutions Inc. (CESI), the power retailing business arm of Filipino firm Citicore Renewable Energy Corporation (CREC), has renewed five of its power supply agreements (PSAs) that are falling due this year. The renewed power supply deals that are under the ambit of Retail Competition...
Citicore Renewable Energy Corporation (CREC) is expanding the niche of customers that it has been supplying electricity to – this time in the automotive industry for a franchisee of Toyota Motors in Cebu. CREC, which is the sponsor-firm of publicly listed Citicore Energy REIT Corporation (CREIT),...
Citicore Renewable Energy Corporation (CREC) has sealed a new three-year power supply agreement (PSA) with Cogent Energy, the retail electricity supplier (RES) unit of Clark Electric Distribution Corporation (CEDC). CEDC, a subsidiary of Manila Electric Company (Meralco), is the power distribution...
Citicore Renewable Energy Corporation (CREC) has broadened its customer-base by roughly 250 percent as it industrial and other big-ticket power users under the competitive retail market. The company said the power supply agreements (PSAs) it has been underwriting are cornered via its subsidiary...
WESM system enhancements eyed By MYRNA M. VELASCO The country’s Wholesale Electricity Spot Market (WESM) will be undertaking enhancements on its new market management system (NMMS) so it can accommodate the registration of more participants that will be joining the lowering of threshold of the...
Academic institution De La Salle-Lipa, which is reinforcing its sustainability practices, has renewed its power supply agreement (PSA) with Energy Development Corporation (EDC), the pure renewable energy subsidiary of Lopez-led First Gen Corporation. In a statement to the media, EDC noted that the...
