Business NEWS

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.

At least eight power generation companies (GenCos) have been formally tagged by the Energy Regulatory Commission (ERC) for penalties for breaching allowable forced outages in their electric generating facilities, that in turn triggered rotational blackouts and rate spikes last summer.

The Energy Regulatory Commission (ERC) will be auditing the collection and utilization of the ‘reinvestment fund for sustainable capital expenditures’ (RFSC) of the electric cooperatives (ECs), to assess if these have been in accordance with the prescribed tariff-setting rules.

Power retail competition expanded

Power utility giant Manila Electric Company (Meralco) had been ordered to refund P1.4 billion worth of over-collections on pass-through charges relating to transmission rate; lifeline subsidy rate and senior citizen subsidy rate.

As power plant outages have been tormenting consumers not just of brownouts but also of electricity rate spikes, the Energy Regulatory Commission (ERC) has tightened the rules and the benchmark on the allowable service interruptions in electric generating facilities.

The Energy Regulatory Commission (ERC) has approved and issued 37,817 certificates of compliance (COCs), or the licenses that the qualified industry players would need so they can continually operate their facilities.

The Energy Regulatory Commission (ERC) has cautioned power utilities in typhoon-hit areas that they would still need to comply with prescribed service levels that’s why they cannot afford to be moving too slow in the restoration of electricity service for their customers.