The Securities and Exchange Commission (SEC) has approved Energy Development Corporation’s plan to offer up to P15 billion worth of fixed-rate ASEAN green bonds. In its meeting on June 8, the Commission En Banc resolved to render effective the registration statement of EDC covering securities...
The required initial public offering (IPO) for power generation companies (GenCos) at the Philippine Stock Exchange (PSE) has been proposed for scrapping, so the restructured electricity sector can attract more investments. To lift that mandate of the Electric Power Industry Reform Act (EPIRA),...
Like human workforce, technologies like power generating facilities also deserve ‘retirement’ days, hence, the Department of Energy (DOE) is being prodded to look into this policy consideration on its energy planning task, so consumers won’t be perennially saddled with brownout due to...
Senator Risa Hontiveros has urged the Senate to probe the failure of the government to bring down the cost of electricity rates in the country 20 years after the enactment of the Electric Power Industry Reform Act or the EPIRA Law. In filing Senate Resolution No. 746, Hontiveros said it is...
At least five power plants in various parts of the country had logged more than 100 days of forced outages, a duration even longer than a ‘honeymoon period’ being accorded by Filipino citizens to a new President of the Philippines. The five plants identified by the Energy Regulatory Commission...
ERC hints ‘pricing play’ The country’s giant power firms have been tagged as the culprits in last week’s rotational brownouts with “forced outages’ of their power plants going beyond the time allowance prescribed by the Energy Regulatory Commission (ERC). In a Congressional hearing on...
The Department of Energy (DOE), headed by Secretary Alfonso Cusi, should own up and take responsibility for the power outages happening in Luzon and Metro Manila, Senator Sherwin Gatchalian said. Gatchalian said the agency must accept accountability, since it is mainly responsible for implementing...
Alyansa ng mga Grupong Haligi ng Agham at Teknolohiya Para sa Mamamayan (AGHAM) President Angelo Palmones has faulted energy authorities for their lack of foresight and action regarding nuclear-based power generation, which could have helped avoid the recent spate of "red alert" status in the Luzon...
The Energy Regulatory Commission (ERC) has directed generation companies (gencos) to explain their supposed breach of the maximum allowable unplanned outage days per year. ERC Chairperson Agnes Devanadera (Photo from ERC Facebook page) "Based on the examination of our technical group, there are...
Breach of ‘outage allowance’ The Energy Regulatory Commission (ERC) had served summons to at least 17 power generation companies (GenCos) “to explain the unplanned outages that breached the maximum allowable unplanned outage days per year.” In a statement to the media, the ERC emphasized...
The Energy Regulatory Commission (ERC) has set a series of public hearings on the P17.815 billion worth of batch 2 capital expenditure (capex) projects of transmission firm National Grid Corporation of the Philippines. In a notice to relevant parties, the regulatory body announced that the virtual...
The House Committee on Energy on Monday, May 24 approved a bill that would give the Joint Congressional Energy Commission (JCEC) a permanent status, removing in the process its expiration as a body exercising oversight functions on the energy sector. In a committee hearing alternately presided over...
