Panay Energy Development Corporation (PEDC) submitted the ‘lowest bid’ in a competitive selection process (CSP) carried out by power utility giant Manila Electric Company on Friday, Nov. 19, for its procurement of additional 70-megawatt supply. According to the third party bids and awards...
The Energy Regulatory Commission (ERC) will be lifting the moratorium on the licensing of retail electricity suppliers (RES), or those that have been selling electricity to qualified contestable end-users under the Retail Competition and Open Access (RCOA) policy regime of the restructured power...
The Energy Regulatory Commission (ERC) has extended for another six months its mandate on the suspension of "interest payments" for feed-in-tariff allowance (FIT-All), a rate component in the electric bills being dispatched to consumers. The regulatory body said the non-payment of interest or...
A subsidiary-company of SN Aboitiz Power Inc. (SNAP) has filed a motion for reconsideration on the fines imposed by the Energy Regulatory Commission (ERC) on alleged ‘forced outage breach’ of its Ambuklao-Binga hydro power plant in Benguet. SNAP- Benguet said the regulator-enforced...
The newly commissioned 23.3-megawatt diesel-fed power plant of Isla Norte Energy Corporation (INEC) of the Vivant group will finally end the electricity supply disruptions tormenting residents and businesses in Bantayan island, one of the known tourism pivots of the country. According to INEC, the...
The Energy Regulatory Commission (ERC) reported that it already resolved more than 71,900 "bill shock" complaints that electricity end-users experienced at the height of the Covid-19 pandemic or around summertime last year. The ‘bill shock’ stemmed from relatively ‘high electric bills’...
The Energy Regulatory Commission (ERC) is rigidly scrutinizing the power supply agreements (PSAs) entered into by distribution utilities (DUs) in its bid to strictly disallow ‘overcontracting’ in the electricity supply procurements of regulated power utilities. “Our priorities now, we are...
The Energy Regulatory Commission (ERC) has flagged Central Negros Electric Cooperative Inc. (CENECO) on pass-on of charges to its customers even if these were anchored on contracts or power supply agreements (PSAs) that already lapsed. In particular, the ERC has condemned the act of CENECO for...
The Energy Regulatory Commission (ERC) is seeking guidance from the Securities and Exchange Commission (SEC) on the appropriate modality in the mandated initial public offering (IPO) of power generation companies (GenCos). “We are in consultation with SEC for us to be able to come up with a more...
State-run Power Sector Assets and Liabilities Management Corporation (PSALM) will be filing a motion for reconsideration on the P980,400.00 penalty imposed by the Energy Regulatory Commission (ERC) on forced outages violation of its newly privatized 650-megawatt Malaya thermal power facility. The...
The Energy Development Corporation (EDC) was slapped with fines by the Energy Regulatory Commission (ERC) after its Nasulo geothermal plant was found to have breached the mandated ‘forced outage limit’ prescribed for such technology in the electricity generation business. In a disclosure to the...
Filipinos living in condominiums and subdivisions will no longer qualify to avail of the ‘lifeline subsidy’ or electricity rate discounts extended to financially challenged power consumers. According to Manila Electric Company (Meralco) Vice President Lawrence S. Fernandez, based on the tenor...
