Senator Risa Hontiveros on Thursday questioned the National Grid Corporation of the Philippines (NGCP) over its P448-million expenses on advertisements and entertainment, saying these should not be passed on to electricity consumers as these are not critical to power transmission operations. “It...
Senator Risa Hontiveros on Tuesday, June 15 urged the Energy Regulatory Commission (ERC) to investigate Manila Electric Co.'s (Meralco) recent announcement of a power rate hike for June saying it “defies logic” even under the regime of deregulation. Hontiveros said the ERC must provide a...
The generation companies (GenCos) which primarily caused the brownout-incidents in Luzon grid this year will face another round of investigation at the Senate this week. According to Senate Committee on Energy Chairman Sherwin T. Gatchalian, the focus of investigation on Thursday (June 17) will be...
Distribution utilities (DUs) as well as retail buyers of electricity can soon opt for demand-side bidding at a price that they prefer once that is introduced as a new trading mechanism in the Wholesale Electricity Spot Market. According to Julius Bunyi, manager for Corporate Strategy and Program...
Consumers in the Luzon grid will be spared from suffering brownouts in the coming weeks if the first 668-megawatt unit 1 of the GNPower Dinginin coal-fired power plant in Bataan can come back on-line by next week, according to the Department of Energy. DOE Director Mario C. Marasigan of the...
Senator Sherwin Gatchalian on Friday said he has “grave reservations” over the Department of Energy’s (DOE) proposal to revert the control of the country’s power grid back to the government. Gatchalian, chairman of the Senate Committee on Energy, pointed out corruption was the main reason...
The Department of Energy (DOE) is seeking government’s return to power generation business to primarily serve the power system’s requirement for reserves or ancillary services. Energy Secretary Alfonso G. Cusi said the proposal is anchored on “allowing the government to engage in limited...
The Department of Energy (DOE) said erring power generation companies (GenCos) are being investigated for possible collusion that resulted in brownouts this year even as it raised alarm of high probabilities of power outages until July this year. “We are already investigating these power plants...
The Department of Energy (DOE) on Thursday assured it is investigating if there is indeed possible collusion among power distribution firms to ascertain if this is the cause of the recent rotational brownouts that occurred in Luzon. DOE chief Alfonso Cusi told the Senate Energy Committee the agency...
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...
