A record-high 2023 budget has been accorded to the Energy Regulatory Commission (ERC) to enable the regulatory body to strengthen its mandate to implement a "rate reset" or rate adjustment of regulated power utilities, primarily the National Grid Corporation of the Philippines (NGCP), as well as...
The Energy Regulatory Commission (ERC) and the Department of Social Welfare and Development (DSWD) have yet to "clean" the list of marginalized consumers who will enjoy the extended lifeline rate subsidy in their electric bills. According to ERC Chairperson Monalisa C. Dimalanta, an average of P408...
Transmission firm National Grid Corporation of the Philippines (NGCP) will appeal the Energy Regulation Commission (ERC) decision imposing a penalty and ruling on alleged non-compliance to publication requirements for its power reserves or ancillary services (AS) procurement to satiate its...
System operator National Grid Corporation of the Philippines (NGCP) expressed its willingness to work with the current leadership in the energy sector, primarily on the warranted procurement of reserves for the reliable operations of the power system, if vested interests and fairness will be upheld...
Only $123.9-M submitted on SMC power unit's $400-M tender offer By MYRNA M. VELASCO SMC Global Power Holdings Corporation (SMCGP), the energy investment arm of the San Miguel group, reported that it only received $123.934 million worth of securities by its bondholders, way below the $400-million...
The Energy Regulatory Commission (ERC) has denied the P0.30 per kilowatt hour (kWh) rate hike that had been jointly applied for by the Manila Electric Company (Meralco) and SMC Global Power Holdings (SMCGP) of the San Miguel group. In a ruling issued by the power industry regulator on Monday, Oct....
The Energy Regulatory Commission (ERC) will prudently examine the implication of the P0.30 per kilowatt-hour (kWh) rate hike plea of SMC Global Power Holdings Corporation (SMCGP) to the similarly-situated power supply agreements (PSAs) underwritten by the other power utilities. The bid of San...
Newly-designated Chairperson of the Energy Regulatory Commission (ERC) is advocating for "exchange programs" with peers in the Southeast Asian region, so the country could elevate its level of regulations in the power industry to higher standards. In her assumption of office at the ERC’s helm,...
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 Philippine Electricity Market Corporation (PEMC), the governance body of the Wholesale Electricity Spot Market (WESM), said legal questions still hound the claim of Independent Electricity Market Operator of the Philippines (IEMOP) that it was already duly sanctioned by the high court as...
The Independent Electricity Market Operator of the Philippines (IEMOP), the operating entity of the Wholesale Electricity Spot Market (WESM), is planning to stop collecting market fees from trading participants if no coordination could still be established with the board of the Philippine...
Newly-designated Energy Regulatory Commission (ERC) Chairperson Monalisa C. Dimalanta is being prodded this early to "prioritize the welfare" of Filipino consumers in her new role as chief regulator in the restructured electricity sector; instead of bowing down to the wishes of her former corporate...
