The Energy Regulatory Commission (ERC) is working with the Securities and Exchange Commission (SEC) on the development of a regulatory framework that will hasten the initial public offering (IPO) of the country’s power generation companies and distribution utilities. The two government agencies...
Generation companies (GenCos) in the Philippines have been ramping up hedging mechanism on their power capacity contracting via the trading platform hosted by US firm Green Tiger Markets (GTM) in Singapore. In a statement to the media, GTM indicated “we expect significant volume to get hedged...
Senator Raffy Tulfo deplored the sky-high charges of energy generation companies (gencos) despite the drop in prices of coal in the global price index. Compared to other countries in Asia, Philippines has one of the highest electricity costs even though the price of coal imports is all based on the...
Senator Sherwin Gatchalian is seeking passage of a measure that would open up the country’s electricity market by lifting the public offering requirement provision in the Electric Power Industry Reform Act or EPIRA Law to lure more generation companies into investing in the Philippines....
The Department of Energy (DOE) is tightening its grip on the power generation companies (GenCos), so they can guarantee sufficient power supply as the Covid-19 vaccination program in the country gains traction. This is a follow-through order from Energy Secretary Alfonso G. Cusi, after his initial...
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...
Power utility giant Manila Electric Company (Meralco) will inject P50 billion worth of capital expenditures (capex) for the expansion of its distribution network as well as power generation facilities to support the country’s track into economic recovery post-pandemic. Meralco Chairman Manuel V....
