President Ferdinand “Bongbong” Marcos Jr. has ordered the grant of real estate tax benefits to Independent Power Producers (IPP) operating under the Build-Operate-Transfer (BOT) scheme contracts with government-owned or -controlled corporations (GOCCs). *President Ferdinand ‘Bongbong’...
Revenue stream from its Dinginin coal-fired power plant had been the main driver of Aboitiz Power Corporation’s income surge to P17.8 billion in the first half, 79 percent jump from P10 billion in a comparative period last year. The income surge was largely boosted during the second quarter...
Executive Secretary Lucas P. Bersamin, who serves as chairman of the Steering Committee for the Energy Virtual One-Stop Shop (EVOSS) system of project permitting, is pushing for a 60-day process from almost two years for the issuance of system impact study (SIS) for grid connection of power...
# DOE targets 8,000MW add'l capacity until 2028 By MYRNA M. VELASCO The Department of Energy (DOE) is eyeing roughly 8,000 megawatts of capacity addition to meet peak demand growth of up to 25,000MW (MW) until 2028 of the Marcos administration. The energy chief said the projected demand escalation...
Having been singled out in the State of the Nation Address (SONA) of President Ferdinand Marcos Jr., transmission firm National Grid Corporation of the Philippines (NGCP) has given its commitment to complete its delayed transmission projects immediately. The company emphasized that the priority...
The Energy Regulatory Commission (ERC) has debuted its "digital toolbox" in addressing consumer complaints as well as industry concerns, but industry stakeholders are wishing that the feedback mechanism and response system will not be as slow as the internet connectivity in the Philippines. Via its...
Investors in renewable energy facing challenges connecting their projects to the power grid could tap the Maharlika Investment Fund (MIF) for funding, Energy Secretary Raphael P.M. Lotilla said. “One of the things that was mentioned was that, it (MIF) would be available for transmission and...
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...
ILOILO CITY – Power rates in this city have dropped for the seventh straight month. MORE Electric and Power Corp. (MORE Power) announced a decrease of P0.2410 per kilowatt-hour (kWh) for billings this month to P11.4173/kWh from P11.6583 per kWh in June. “This achievement is a testament to the...
Cooler temperatures have been significantly driving down prices in the Wholesale Electricity Spot Market (WESM). WESM operator Independent Electricity Market Operator of the Philippines (IEMOP) primarily indicated that there was a “notable decline in electricity spot prices in the Luzon and...
Consumers in Iloilo City have been experiencing relief in their pockets as electricity rates billed by their distribution utility MORE Electric and Power Corporation have been on a downtrend in the past seven months. MORE Power President and CEO Roel Z. Castro said in a statement that ...
