ERC sets ‘reserve prices’ for RE capacity auction By MYRNA M. VELASCO The Energy Regulatory Commission (ERC) has issued the preliminary green energy auction reserve (GEAR) pricing for renewable energy (RE) capacity installations scheduled for bidding this year by the Department of Energy (DOE)....
The Energy Regulatory Commission (ERC) is reviewing the proposed lifting of the P6.245 per kilowatt hour (kWh) secondary price cap (SCP) at the Wholesale Electricity Spot Market (WESM) after an appeal from the power generators due to soaring fuel prices in the world market. The generation companies...
A “special settlement arrangement” is being firmed up for the trading of capacity in the Wholesale Electricity Spot Market (WESM) for the scheduled energization of the P52-billion Mindanao-Visayas Interconnection Project (MVIP), or the link-up of power grids in the two islands as concretized by...
Ilocos Norte Electric Cooperative (INEC) will refund its customers P480 million-worth of over-recoveries from bill collections that accrued from years 2004 to 2010. The Energy Regulatory Commission (ERC) said the refund to INEC customers is based on a recent ruling by the Supreme Court that...
The Department of Energy (DOE) will be firming up the terms of reference (TOR) for the targeted auction of 2,000 megawatts of renewable energy (RE) capacity that will be offered to investors this year. The TOR for the RE bidding, according to Energy Assistant Secretary Redentor E. Delola, will be...
The Energy Regulatory Commission (ERC) has ordered the Philippine Electricity Market Corporation (PEMC), the governance body of the Wholesale Electricity Spot Market (WESM), to finally lift the spot trading suspension for the Bohol segment enforced roughly two months ago. The regulatory body...
Listed firm SPC Power Corporation has asked the Energy Regulatory Commission’s (ERC) to reconsider the P4.024 million penalty it enforced on the forced outages" of its diesel power plant operated by subsidiary SPC Island Power Corporation that breached the limit allowed by the regulatory agency....
With alarm bells raised on highly probable rotational blackouts during the summer months, the country’s generation companies (GenCos) are being warned that breach of regulatory policy on ‘force outage caps’ will not be tolerated, hence, they shall be ready to be meted anew with penalties....
At least 10 generation companies (GenCos) that were tagged as culprits in last year’s summer brownouts had been penalized by the Energy Regulatory Commission (ERC) for breaching the prescribed limits on "forced outages" of generating facilities. According to the ERC, those that have been meted...
Consunji-led Sem-Calaca Power Corporation (SCPC) will file an appeal with the Energy Regulatory Commission (ERC) on the penalties imposed by the regulator on the "forced outages" logged by its 600-megawatt Calaca coal-fired power plant in Batangas. In a disclosure to the Philippine Stock Exchange...
The Energy Regulatory Commission (ERC) has penalized the 600-megawatt Calaca coal-fired power facility of Sem-Calaca Power Corporation (SCPC) of the Consunji group due to excessive "forced outages" that it logged throughout its operations last year. In a recently issued ruling, the ERC said it...
The Green Energy Auction Committee (GEAC) of the Department of Energy (DOE) has officially kicked off the tendering process for 2,000 megawatts of renewable energy (RE) capacity that shall be accredited in the government's Renewable Portfolio Standards (RPS), a market mechanism that will guarantee...
