The Energy Regulatory Commission (ERC) has firmed up the intricate ‘tariff-setting parameters’ or price determination methodology that will anchor the 20-year power supply agreements (PSAs) in the third Green Energy Auction (GEA-3) to be administered by the Department of Energy (DOE) -...
Senator Francis Tolentino criticized the Energy Regulatory Commission (ERC) for its apparent inefficiency in managing power rate resets. Tolentino has expressed serious concerns over the agency, noting how it handled the rate reset process for Manila Electric Co. (Meralco), zeroing in on its lack...
Consumers may feel some relief at the start of the new year, as the Energy Regulatory Commission (ERC) has instructed private distribution utilities (DUs) to refund P1.18 billion. In a statement, the ERC said this refund stemmed from unused expenses intended initially for technical experts during...
The Energy Regulatory Commission (ERC) has denied the request of Manila Electric Company (Meralco) and San Miguel-led Masinloc Power Co. Ltd. (MPCL) to begin their Power Supply Agreement (PSA) ahead of schedule. In a statement, the ERC determined that awarding provisional authority for their PSA is...
The Energy Regulatory Commission (ERC) has approved the 15-year Power Supply Agreement (PSA) between Manuel V. Pangilinan-led Manila Electric Company (Meralco) and Excellent Energy Resources, Inc. (EERI), a subsidiary of SMC Global Power. In a statement on Friday, Dec. 13, ERC Chairman and Chief...
The Energy Regulatory Commission (ERC) has approved the Capas substation proposed by the National Grid Corporation of the Philippines (NGCP) to manage the connection of New Clark City (NCC) to the grid. In a statement, the ERC said this approval will help address load growth in Capas, which is...
The Energy Regulatory Commission (ERC) has granted provisional approval to two Power Supply Agreements (PSAs) between Manila Electric Company (Meralco) and the renewable energy units of ACEN and San Miguel Corporation. Meralco and ACEN-led Gigasol 3, Inc. will soon implement their PSA following the...
BACOLOD CITY – The Sugar Regulatory Administration based here has warned the people against individuals soliciting money after two incidents were reported to the police recently. AZCONA (Glazyl Masculino) The first happened on Nov. 26 when an unidentified person called an SRA supplier and...
To enhance grid security and affordability of electricity in the Philippines, the Energy Regulatory Commission (ERC) has issued nearly 4,000 Certificates of Compliance (COCs) this year. In a statement, the ERC announced it awarded approximately 3,959 COCs and 334 Provisional Authorities to Operate...
National Grid Corporation of the Philippines (NGCP) has energized the Cebu-Bohol Interconnection Project (CBIP), a new transmission facility that will address the growing power demand in the region. In a statement on Tuesday, Nov. 26, NGCP said the CBIP "will play a crucial role in improving...
To enhance grid stability in Northern Mindanao, the Energy Regulatory Commission (ERC) has approved a P2.34 billion capital expenditure (CAPEX) project by the National Grid Corporation of the Philippines (NGCP). In a statement, the ERC announced on Thursday, Nov. 21, that it has greenlit NGCP's...
The Energy Regulatory Commission (ERC) has approved three projects by the National Grid Corporation of the Philippines (NGCP) aimed at enhancing the reliability and stability of the transmission grid in Luzon and Visayas. In a statement, NGCP said the approved projects include the Northern Luzon...
