The Energy Regulatory Commission (ERC) is seriously considering the establishment of ‘rate affordability tracker,’ so the Filipino consumers can be apprised on the measures as well as policy developments being pursued by the government and industry players on bringing down electricity tariffs in...
“Hope for the best, prepare for the worst” said Energy Secretary Raphael P.M. Lotilla against the backdrop of threatening power service interruptions due to insufficient power supply and oil price spikes that will be reflected in the electric bills of consumers during the summer months. With...
The energy subsidiaries of diversified conglomerate San Miguel Corporation (SMC) have terminated two power supply agreements (PSAs) with utility giant Manila Electric Company (Meralco), crashing hopes of at least 1,800 megawatts in critical power capacity additions by next year until 2025. In an...
The Energy Regulatory Commission (ERC) indicated that it will be studying the probable rate hikes or cost impact that consumers will have to brace for; once all the gas sale and purchase agreements (GSPAs) for the Malampaya gas field project will expire by next year. ERC Chairperson Monalisa C....
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...
President Ferdinand "Bongbong" Marcos Jr. is hoping that the Court of Appeals (CA) will reconsider its issuance of a Temporary Restraining Order (TRO), suspending the implementation of the South Premier Power Corp. (SPPC) Power Supply Agreement (PSA) with the Manila Electric Co. (Meralco)....
Bagong Henerasyon (BH) Party-list Rep. Bernadette Herrera has called on the Energy Regulatory Commission (ERC) and the Manila Electric Company (Meralco) to offer more refunds and rebates to consumers, on top of the long-sought unbundling of fuel prices. “If there are any more refund or rebate...
Present and former lawmakers of the Makabayan bloc ripped apart the Supreme Court’s (SC) decision that favored the implementation of the Manila Electric Company’s (Meralco) power price hikes. ACT Teachers Rep. France Castro and former Bayan Muna Rep. Carlos Zarate (photos from congress,gov.ph)...
The Department of Finance (DOF) has clarified that there is no double taxation in the imposition of value-added tax (VAT) in the electric power sector. Reacting to recent statements made by the Energy Regulatory Commission (ERC), Finance Secretary Carlos G. Dominguez III explained that the Electric...
Re-electionist Senator Sherwin Gatchalian has lauded the Energy Regulatory Commission (ERC) and the Manila Electric Company (Meralco) for refunding the excess electricity bill collections saying it is a welcome relief for power consumers amid the rising cost of goods and basic services. The ERC had...
Senator Risa Hontiveros on Thursday called on the Energy Regulatory Commission (ERC) to ensure that there would be no power interruptions during the May 2022 election period so keep the integrity and credibility of the elections intact. Hontiveros pointed out that failure to ensure uninterrupted...
The Energy Regulatory Commission (ERC) has extended for another six months its mandate on the suspension of "interest payments" for feed-in-tariff allowance (FIT-All), a rate component in the electric bills being dispatched to consumers. The regulatory body said the non-payment of interest or...
