As surging costs of ancillary services or power reserves had been pointed to as culprit in electricity rate hikes, the Energy Regulatory Commission (ERC) has directed ‘settlement and billing suspension’ for the reserve market for the March billing period. The stoppage of reserve market...
Priority procurement of capacity generated from indigenous Malampaya gas had been directed by the Energy Regulatory Commission (ERC) in the power purchase agreement (PPA) underwritten by Manila Electric Company (Meralco) with First Gen Corporation of the Lopez group. Owing to that ruling, the...
Qualified big-ticket contestable customers in Mindanao can finally exercise ‘power of choice’ on contracting their electricity services as the Energy Regulatory Commission (ERC) has already opened that segment of the industry for retail competition. Similar to the threshold for Luzon and...
The Manila Electric Co. (Meralco) is seeking potential suppliers for 260 megawatts (MW) of power supply to address the growing demand throughout the summer season. In a statement, Meralco assured its customers that it is working with the Department of Energy (DOE) to provide sufficient supply to...
TORONTO – The Energy Regulatory Commission (ERC) is enthusiastically poring over the structural changes implemented by the Ontario Energy Board (OEB), primarily on regulation frames that are also viable for enforcement in the Philippine power sector. Following a meeting with Ontario Energy Board...
TORONTO – Long term power supply agreements (PSAs) may thrive as the ‘gold standard’ in securing the confidence of investors if the Philippines will ultimately decide on integrating nuclear power as a strategic component of its future energy mix, according to the Energy Regulatory Commission....
TORONTO – The Philippine government is exploring collaboration or cooperation deal with the Canadian government and its industry players on reinforcing research and development (R&D) initiatives that will aid the country on its nuclear rebirth by the turn of the decade. That intent has been...
The Department of Energy (DOE) will be offering 8,200 megawatts of renewable energy (RE) capacities in the fourth round of green energy auction (GEA-4) to be administered by the latter part of this year. In her remarks during an Energy Transition forum convened by Climate Smart Ventures (CSV),...
Philippine officials and key industry players will be on a one-week Nuclear Energy Mission to Canada this March to scrutinize the policy frameworks and regulatory regimes of this developed market - primarily on how it had set the bar high on its ‘cradle-to-grave’ precept of nuclear energy...
Power utility giant Manila Electric Company (Meralco) has beefed up its supply portfolio with additional 400-megawatt baseload power supply procurement from the Limay thermal power plant of SMC Global Power Holdings of the San Miguel group. The tariff for the new interim power supply agreement...
The Securities and Exchange Commission (SEC) has simplified the registration process for power companies opting for initial public offering (IPO) and other forms of stock offering that they will be pursuing at the local bourse. According to the Energy Regulatory Commission (ERC), the streamlined...
After more than two decades of deregulation in the power sector and countless collusion allegations at the spot market, it is finally coming to the senses of industry regulators to step up ‘police powers’ against anti-competitive behavior that could distort market dynamics in the private...
