Roughly 8.0 million customers of Manila Electric Company (Meralco) will live through financial torment when they receive their February bills, as the overall rate of the country’s biggest power utility will rise by P0.5738 per kWh. On account of that, Meralco announced that the all-inclusive...
There had been downtrend in overall electricity tariffs for traded capacities in the Wholesale Electricity Spot Market (WESM), and that had been attributed partly by the Energy Regulatory Commission (ERC) to the entry of new capacities from the renewable energy (RE) sector. “It appears that the...
State-run Philippine National Oil Company (PNOC) is engaging into a new business niche by positioning as retail electricity supplier (RES), primarily to satiate the power supply requirements of the government agencies nationwide. In an interview, PNOC President and CEO Oliver B. Butalid indicated...
The Christmas gift for the roughly 8.0 million customers of Manila Electric Company (Meralco) will be bundled up in their electric bills, as the overall tariff of the utility firm in its December billing cycle had been down by P0.7961 per kilowatt hour. On an all-inclusive basis, the electricity...
ATHENS, Greece – Players in the global liquefied natural gas (LNG) sector are re-assessing the impact of high gas prices as well as targets of infrastructure development expansion amid the transitioning of many energy markets into cleaner energy solutions. At the World LNG Summit that will kick...
The Department of Energy (DOE) is keenly seeking the assistance of the World Bank and other development-partners on sorting out policies as well as funding mechanisms that can bring down Philippine electricity rates as the country advances into its energy transition agenda leaning mainly on...
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) 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...
