Having been singled out in the State of the Nation Address (SONA) of President Ferdinand Marcos Jr., transmission firm National Grid Corporation of the Philippines (NGCP) has given its commitment to complete its delayed transmission projects immediately. The company emphasized that the priority...
The Energy Regulatory Commission (ERC) has debuted its "digital toolbox" in addressing consumer complaints as well as industry concerns, but industry stakeholders are wishing that the feedback mechanism and response system will not be as slow as the internet connectivity in the Philippines. Via its...
Investors in renewable energy facing challenges connecting their projects to the power grid could tap the Maharlika Investment Fund (MIF) for funding, Energy Secretary Raphael P.M. Lotilla said. “One of the things that was mentioned was that, it (MIF) would be available for transmission and...
Energy Secretary Raphael P.M. Lotilla is not pleased with the ‘low regulatory ranking’ of the Philippine power industry, pulled down by enforcement of rules and regulations and administrative hurdles that handicapped improvements in the overall performance of the Energy Regulatory Commission...
The Energy Regulatory Commission (ERC) is establishing legal ground for the targeted revocation of a previous resolution allowing pass-through of the 3.0-percent franchise tax of transmission firm National Grid Corporation of the Philippines (NGCP) to electricity consumers. “Our legal team is...
ILOILO CITY – Power rates in this city have dropped for the seventh straight month. MORE Electric and Power Corp. (MORE Power) announced a decrease of P0.2410 per kilowatt-hour (kWh) for billings this month to P11.4173/kWh from P11.6583 per kWh in June. “This achievement is a testament to the...
Cooler temperatures have been significantly driving down prices in the Wholesale Electricity Spot Market (WESM). WESM operator Independent Electricity Market Operator of the Philippines (IEMOP) primarily indicated that there was a “notable decline in electricity spot prices in the Luzon and...
Consumers in Iloilo City have been experiencing relief in their pockets as electricity rates billed by their distribution utility MORE Electric and Power Corporation have been on a downtrend in the past seven months. MORE Power President and CEO Roel Z. Castro said in a statement that ...
Thriving green energy developer Citicore Renewable Energy Company (CREC) will be supplying 90 megawatts of solar-generated electricity to the properties of Sy-led SM Prime Holdings. In a statement to the media, CREC indicated that a memorandum of agreement (MOA) for the supply arrangement was inked...
A joint task force of the Energy Regulatory Commission (ERC) and Department of Justice (DOJ) is being pushed, purposively to prosecute erring players in the restructured power industry. “What we’re trying to work out with the DOJ is the procedure … so we might form a task force to enforce the...
Senator Christopher “Bong” Go has appealed to the Northern Davao Electric Cooperative (NORDECO) to provide immediate solutions to resolve the power outages in Samal Island after it failed to render its commitment to fix the issue by June 30, 2023. Sen. Christopher...
Transmission firm National Grid Corporation of the Philippines (NGCP) is enforcing tighter cybersecurity measures to protect the country’s power transmission system from hacking or other factors that could compromise the integrity of its operations. “We have implemented various measures to...
