The Energy Regulatory Commission (ERC) has issued a total of 40 show-cause orders to 37 generation companies (GenCos) after they failed to submit complete fuel purchase documents.These documents are necessary to ensure fair electricity prices charged to consumers.In a statement, the ERC said that it...
The Energy Regulatory Commission (ERC) and the Securities and Exchange Commission (SEC) launched a program designed to encourage power sector players to go public and comply with the Electric Power Industry Reform Act of 2001 (EPIRA).On Thursday, March 27, the ERC and SEC jointly launched SEC...
The Energy Regulatory Commission (ERC) has firmly laid down that longstop date provision in power supply agreements (PSAs) will no longer be accepted downright as ground for unilateral contract pre-termination; and the allowable timeframe for regulatory approval shall also be within 270 days or at...
The Energy Regulatory Commission (ERC) is not inclined on removing the caps for the number of days allowed for maintenance shutdowns and even for the ‘forced outages’ of power plants across technologies.As sounded off by ERC Chairperson Monalisa C. Dimalanta, “it’s impossible to remove the...
As the country’s power supply is still at its wobbly state, the Department of Energy (DOE) guaranteed that it will conscientiously monitor the overall operations of the power grid so consumers can be alerted on any service interruptions and for relevant industry players to correspondingly sort out...
The aggrupation of generation companies (GenCos) has been batting for the scrapping of the P6.245 per kilowatt hour (kWh) secondary price cap in the Wholesale Electricity Spot Market (WESM) as this is already pinned down as disincentive to the targeted fresh capital flow in the power industry.In an...
The Securities and Exchange Commission (SEC) has simplified the registration process for power companies opting for initial public offering (IPO) and other forms of stock offering that they will be pursuing at the local bourse.According to the Energy Regulatory Commission (ERC), the streamlined...
The government should hold accountable generating companies (Gencos) that are unable to provide a stable supply of electricity, Sen. Sherwin Gatchalian said. Gatchalian said these Gencos should be held accountable for power outages that result in great economic losses to their clients. The...
House of Representatives (Ellson Quismorio/ MANILA BULLETIN) The Manila Electric Company's (Meralco) purchase of electricity goes through a "very strict" process, a representative of the firm assured the House Committee on Legislative Franchises on Wednesday, Nov....
The Energy Regulatory Commission (ERC) is working with the Securities and Exchange Commission (SEC) on the development of a regulatory framework that will hasten the initial public offering (IPO) of the country’s power generation companies and distribution utilities.The two government agencies...
Generation companies (GenCos) in the Philippines have been ramping up hedging mechanism on their power capacity contracting via the trading platform hosted by US firm Green Tiger Markets (GTM) in Singapore.In a statement to the media, GTM indicated “we expect significant volume to get hedged over...
Senator Raffy Tulfo deplored the sky-high charges of energy generation companies (gencos) despite the drop in prices of coal in the global price index.
Compared to other countries in Asia, Philippines has one of the highest electricity costs even though the price of coal imports is all based on the...
