The Energy Regulatory Commission (ERC) will no longer prescribe a ‘reserve price’ for the scheduled green energy auction (GEA) covering geothermal capacity developments. “We just agreed with the DOE (Department of Energy) on the parameters how we will eventually approve the rates in the PSAs...
Senator Sherwin Gatchalian on Thursday, November 16 said he expects power consumers to greatly benefit from the Energy Regulatory Commission’s (ERC) decision to reduce the National Grid Corporation of the Philippines’ (NGCP) annual revenue to P36.7-billion. The amount is...
Power utility giant Manila Electric Company (Meralco) has initially cornered prospective offers of 3,310 megawatts from six (6) interested bidders on its scheduled competitive selection process (CSP) for capacity procurement of 1,800MW that will satiate its additional supply portfolio for 2024 and...
Reduction in transmission charge line item in the electric bills is the end-goal eyed from the completion of the rate reset review for system operator National Grid Corporation of the Philippines (NGCP), according to Senate Committee on Energy Vice Chairman Sherwin T. Gatchalian. The lawmaker is...
The Energy Regulatory Commission (ERC) is working with the Securities and Exchange Commission (SEC) on the development of a regulatory framework that will hasten the initial public offering (IPO) of the country’s power generation companies and distribution utilities. The two government agencies...
The Energy Regulatory Commission (ERC) has indicated that transmission firm National Grid Corporation of the Philippines (NGCP) will still be allowed eventually to recoup costs relating to programmed capital expenditure (capex) projects that were disallowed in the partial rate-setting rendered by...
Transmission firm National Grid Corporation of the Philippines (NGCP) has tossed the blame on the Energy Regulatory Commission (ERC) on its delayed rate-setting; while forthrightly claiming that all of its incurred costs and expenses are ‘legitimate’ and according to the regulatory principles...
The Energy Regulatory Commission (ERC) has prescribed a two-tiered review process before the power supply agreements (PSAs) or contracts underwritten via competitive selection process (CSP) could secure regulatory approval. That has been the main stipulation in the new CSP guidelines that was...
The allowable revenues of transmission firm National Grid Corporation of the Philippines (NGCP) had been pared by more than half to P183.491Billion, or lower by more than P204 billion from the company’s original claims of P387.803 billion as applied for under its fourth regulatory reset. In a...
The Manila Electric Co. (Meralco) said it will hold a competitive bidding for 1,800 megawatts of power supply next year after the Energy Regulatory Commission (ERC) approved the termination of its power supply deal with San Miguel's power generation unit. In a statement on Thursday, Nov. 2, Meralco...
The proposal for a ‘no reserve price’ condition on the targeted 3rd green energy auction (GEA-3) for geothermal could trigger unwarranted “regulatory uncertainty’ for project developers and all investors in this technology’s supply chain, the Energy Regulatory Commission (ERC) has warned....
The Energy Regulatory Commission (ERC) is poised to sustain the suspension of the P0.0364 per kilowatt hour (kWh) feed-in-tariff allowance (FIT-All) line item in the electric bills until the end of the year, hence, providing slight relief in the pockets of all ratepayers especially during the high...
