Discounted electricity rates are being offered to the country’s 4.2 million marginalized or lifeline consumers within the power usage bracket zero to 100 kilowatt-hours (kWhs). Energy Undersecretary Rowena Cristina L. Guevara announced that the registration for the discounted rates to the...
Energy Secretary Raphael P.M. Lotilla is not pleased with the ‘low regulatory ranking’ of the Philippine power industry, pulled down by enforcement of rules and regulations and administrative hurdles that handicapped improvements in the overall performance of the Energy Regulatory Commission...
The Energy Regulatory Commission (ERC) is establishing legal ground for the targeted revocation of a previous resolution allowing pass-through of the 3.0-percent franchise tax of transmission firm National Grid Corporation of the Philippines (NGCP) to electricity consumers. “Our legal team is...
From left: SM Prime Energy Consultant, Jaime Patinio; SM Prime Chief Finance Officer, John Nai Peng Ong; SM Prime President, Jeffrey Lim; CREC Chairman, Edgar Saavedra; CREC President & CEO, Oliver Tan; and CREC Sr. Manager Sales & Energy Trading, Jerard Garcia. SM Prime Holdings, Inc. (SM...
The Energy Regulatory Commission (ERC) will seek guidance from the Department of Energy (DOE) in setting the price of hydro and geothermal capacities under the green energy auction reserve (GEAR) given the huge cost for these projects. ERC Chairperson Monalisa C. Dimalanta noted of the cost for...
The Board of Investments (BOI) reported that it approved 155 projects with combined investment pledges of P698 billion in the first half this year for a dramatic 203 percent increase versus the P230 billion in the same period in 2022 with renewable energy projects accounting for the bulk of the new...
Thriving green energy developer Citicore Renewable Energy Company (CREC) will be supplying 90 megawatts of solar-generated electricity to the properties of Sy-led SM Prime Holdings. In a statement to the media, CREC indicated that a memorandum of agreement (MOA) for the supply arrangement was inked...
The Department of Energy (DOE) is targeting to issue bidding guidelines for the inclusion of renewable energy (RE) projects previously dislodged from the feed-in-tariff (FIT) incentive system in the Green Energy Auction Program (GEAP). In a draft Circular furnished to relevant industry stakeholders,...
Filipino motorists will experience additional financial burden as prices of diesel products will rise by P2.10 per liter, while gasoline prices will escalate by P1.90 per liter effective Tuesday, July 18. Kerosene, which is the other commodity in the triumvirate of weekly price adjustments, will...
A joint task force of the Energy Regulatory Commission (ERC) and Department of Justice (DOJ) is being pushed, purposively to prosecute erring players in the restructured power industry. “What we’re trying to work out with the DOJ is the procedure … so we might form a task force to enforce the...
The Energy Regulatory Commission (ERC) will be prescribing new green energy auction reserve (GEAR) prices for the 8,160 megawatts of unsubscribed volumes in the recently-concluded renewable energy (RE) capacity tendering of the Department of Energy. ERC Chairperson Monalisa C. Dimalanta indicated...
Listed firm Alternergy Holdings Corporation (Alternergy) is well on its way into building up its renewable energy (RE) portfolio after winning three additional contracts from the State-managed Green Energy Auction-2 (GEA-2) program. The awarded project-contracts to be covered by 20-year power supply...
