The Energy Regulatory Commission (ERC) has slapped system operator National Grid Corporation of the Philippines (NGCP) with P3.5 million worth of penalties for at least 10 transmission projects that it failed to deliver on targeted commercial operations date. A statement from the regulatory body...
Giant players in the domestic power industry will gear up for a new round of battle for their offers in the 400-megawatt capacity procurement of Manila Electric Company (Meralco) that will satiate mid-merit capacity in its supply portfolio. Listed as prospective bidders in Meralco’s competitive...
The Energy Regulatory Commission (ERC) has firmly laid down that longstop date provision in power supply agreements (PSAs) will no longer be accepted downright as ground for unilateral contract pre-termination; and the allowable timeframe for regulatory approval shall also be within 270 days or at...
The regulator-approved pass on of the deferred charges of First Gen Corporation on its gas use for power generation and capital recovery on liquefied natural gas (LNG) import facility investment will hike Meralco rates by P0.32 to P0.33 per kilowatt hour (kWh) starting in its October billing to...
The House Committee on Energy has begun deliberations on the finer detiails of the proposed amendments to the Electric Power Industry Reform Act (EPIRA) Law on Wednesday, Aug. 14, with the solons giving particular focus on how to strengthen...
The substantial delay in the regulatory approval of power supply agreements (PSAs) was among the factors blamed in the never-ending high electricity rates burden of the Filipino consumers – and that had been particularly manifest in this year’s summer months because many power utilities were...
The Energy Regulatory Commission (ERC) has disclosed to Congress that it will be submitting the result of its performance review on system operator National Grid Corporation of the Philippines (NGCP) by December. “We have until the end of the year to submit our findings to the President,” ERC...
The Energy Regulatory Commission (ERC) has logged roughly P50 billion worth of aggregate savings for customers that have been availing of electricity services from the retail electricity suppliers (RES). According to ERC Chairperson Monalisa C. Dimalanta, the scale of cost savings registered by RES...
The Energy Regulatory Commission (ERC) has finally lifted the suspension it earlier imposed on the settlement of traded capacities in the co-optimized reserve market, hence, consumers will have to brace for added cost burden in their forthcoming electric bills. With the lifting of the settlement...
The Energy Regulatory Commission (ERC) is scheduling next week the deliberations on the deferred cost recoveries of liquefied natural gas (LNG) that First Gen Corporation had utilized for electricity generation at its gas-fed power plants in Batangas. As full pass-on of LNG costs had not been...
The Energy Regulatory Commission (ERC) is anticipated to render decisions that will enforce penalties on the ‘unjustified’ transmission project delays of the National Grid Corporation of the Philippines (NGCP) as well as the indefensible forced outages of power plants during the summer months....
As the generation companies (GenCos) miserably faltered with their relentless forced outages during the summer months, President Marcos has profoundly cheered the P160 billion worth of completed transmission projects of system operator National Grid Corporation of the Philippines (NGCP) in his...
