The Energy Regulatory Commission (ERC) has approved the withdrawal of application for the power supply agreements (PSA) that had been jointly agreed to be terminated by parties-in-interest Manila Electric Company (Meralco) and the subsidiary-companies of SMC Global Power Holdings Corp (SMGP) of the...
Via its continuing caravan, the Energy Regulatory Commission (ERC) has already started scrutiny of the power supply agreements (PSAs) underwritten by servicing power utilities in the off-grid domains or those that are not physically connected to the main grid. The examination of the power supply...
Budgets for electricity bill payments will come heavier on the pockets of Manila Electric Company (Meralco) customers as its overall tariff had escalated by P0.4201 per kilowatt hour (kWh) in its October billing cycle to P11.8198 per kWh vis-à-vis P11.3997 per kWh last month. For its subscribers...
More than 7.0 million customers of Manila Electric Company (Meralco) will experience squeeze in their household budgets as the electricity tariff of the power utility will rise by P0.5006 per kilowatt hour (kWh) in its September billing cycle. The rate hike will drive up Meralco’s overall...
The Energy Regulatory Commission (ERC) issued advisory to relevant industry stakeholders that it will be holding new round of public consultations on the guidelines underpinning the competitive selection process (CSP) policy being enforced on the distribution utilities (DUs) and electric...
After terminating its 330-megawatt fixed priced power supply agreement (PSA) due to the recently rendered verdict of the Court of Appeals, a subsidiary of SMC Global Power Holdings Corp. has offered a replacement power supply deal to power utility giant Manila Electric Company (Meralco). Meralco...
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...
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...
Solana Solar Alpha Inc. (Solana Solar), a subsidiary of Altenergy, has cemented a power supply agreement with Villar-led retail electricity supplier company Kratos RES Inc. Under the agreement, Solana Solar will supply Kratos RES with 10-megawatt and up to 20 MW of clean and renewable power from the...
The auction of 11,600 megawatts of RE capacity scheduled this month will prove to be an "acid test" for the accelerated renewable energy (RE) development roadmap designed by the Marcos administration. The Department of Energy (DOE), which will administer the RE capacity tendering for the second...
The Energy Regulatory Commission (ERC) has issued show-cause orders (SCOs) to 25 electric cooperatives and three private distribution utilities (DUs), mandating them to explain why they failed to justify pass-through fuel costs that they have reflected in the electricity bills of their customers....
Lopez-led First Gen Corporation will be joining the fresh round of bidding that power utility giant Manila Electric Company (Meralco) will be undertake to fill the capacity void on its additional 2024 supply following the retreat of its targeted supplier. First Gen President and COO Francis Giles B....
