The Energy Regulatory Commission (ERC) has admitted weakness in investigating anti-competitive behavior, especially for company participants that are trading their generated capacities in the Wholesale Electricity Spot Market (WESM). Given this difficulty in its market policing power, ERC...
A spike in the secondary price cap for the Wholesale Electricity Spot Market (WESM) to the tune of P10,000 to P15,000 per megawatt hour (MWh) - or equivalent P10-P15 per kilowatt hour) - has been proposed by the generation companies (GenCos) to the Energy Regulatory Commission (ERC), according to...
Senator Sherwin Gatchalian on Sunday, March 19 urged the government to provide an additional subsidy of P1/kWh for low-income consumers or a total of P418-million to further cushion the adverse impact of high commodity prices. Gatchalian made the proposal amid the persistent high inflation...
A proposal to impose carbon tax on the use of electricity to raise extra funds for initiatives against climate change is up at the House of Representatives. The measure was filed by Camarines Sur 2nd District Rep. LRay Villafuerte, together with fellow congressmen from the province — his son Rep....
ILOILO CITY – A massive power blackout hit Panay Island as well as the island-province of Guimaras on Monday, Feb. 20. The National Grid Corp. of the Philippines (NGCP), which transmits electricity from power generators to power distributors, automatically shut off its lines after detecting a...
A group of Camarines Sur solons are batting for the imposition of a "carbon tax" on the use of electricity (CTE) as a way to raise extra funds for climate action initiatives. (Kelly Sikkema/ Unsplash) One of them, Camarines Sur 2nd district Rep. LRay Villafuerte, said such landmark tax can help the...
Power utility giant Manila Electric Company (Meralco) is developing its new substation in Kawit, Cavite that will support industrial expansion and other burgeoning economic activities in the area. The power firm has collaborated with First Orient International Ventures Corporation (FOIVC) for the...
President Ferdinand "Bongbong" Marcos Jr. welcomed the P18-billion 440-megawatt (MW) peak Isabela Solar Power Project, seen to boost the administration's renewable energy thrust and local job generation. President Ferdinand 'Bongbong' Marcos Jr. (Photo courtesy of Malacañang) Communications...
President Ferdinand "Bongbong" Marcos Jr. is confident that the launching of the Wholesale Electricity Spot Market (WESM) in Mindanao will prop up investments and economic activity in the region that would eventually translate to more jobs. President Ferdinand 'Bongbong' Marcos Jr. (Photo courtesy...
The Department of Energy (DOE) has vowed to implement measures that will lessen the cost of electricity in the country, which is described as one of the most expensive in Asia. One of the measures being eyed is the continuity of lifeline rate subsidy as among the programs that is seen as an...
Senator Sherwin Gatchalian on Monday, November 14 said the government should make sure that marginalized consumers are the actual beneficiaries of the law granting electricity lifeline rate subsidy. Gatchalian, vice chairman of the Senate Committee on Energy, made the call following the recent...
President Ferdinand "Bongbong" Marcos Jr. has asked the House Committee on Ways and Means chairman to study the possibility of removing the 12 percent value-added tax (VAT) component of public utilities, especially electricity. Albay 2nd district Rep. Joey Salceda This was revealed by the committee...
