System operator National Grid Corporation of the Philippines (NGCP) has issued straightforward warning to consumers to brace for rotational blackouts after the Energy Regulatory Commission’s (ERC) has thumbed down its bid to extend monthly its existing ancillary services contracts. The ancillary...
The Energy Regulatory Commission (ERC) said it will weigh the rate impact as well as implications on next year’s supply of the terminated power supply agreements (PSAs) between power utility giant Manila Electric Company (Meralco) and the subsidiaries of SMC Global Power Holdings Corporation of...
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...
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...
