News

Uncollected P95.421 B may be passed on to customers – PSALM head

Thursday, February 20, 2020

The Power Sector Assets and Liabilities Management Corp.’s (PSALM) uncollected receivables from several power firms and electric cooperatives  amounted to P95.421 billion and if not collected, it could be passed on to the consumers once PSALM’s corporate life ends in 2026.

Invalidation of IEMOP deal for WESM pushed

Wednesday, February 12, 2020

For lack of legally binding imprimatur from the Office of the President, the deal on the institutionalization of the Independent Electricity Market Operator of the Philippines (IEMOP) for the Wholesale Electricity Spot Market (WESM) has been sought for invalidation.

ERC to keep close eye on power plants’ outages

Wednesday, February 12, 2020

The Energy Regulatory Commission will push for stricter probe on the causes of forced outages of power plants especially during periods when supply-demand conditions reach critical levels.

ERC defers new secondary cap on power price spikes

Monday, February 10, 2020

The Energy Regulatory Commission (ERC) is in no rush to set a new secondary price cap that limits the spike in energy prices at the wholesale electricity spot market (WESM), saying more pressing matters needed faster resolution.

nCoV to stall license renewals of power plants

Thursday, February 6, 2020

The novel coronavirus (nCoV) will be affecting the renewal and processing of application of certificates of compliance (COCs) or the operating licenses of 59 on-grid and 27 off-grid power plants with aggregate capacity 7,756.93 megawatts.

PSALM stops collecting universal rate

Sunday, February 2, 2020

State-run Power Sector Assets and Liabilities Management Corp. announced over the weekend it will cease collecting P0.0543 per kilowatt-hour from consumers under the universal charge for stranded contract costs effective February.

FIT-All line item in electric bills to go down this year

Friday, January 24, 2020

The feed-in-tariff allowance (FIT-All) line item in the electric bills of Filipino consumers will go down this year, according to highly placed industry sources.

ERC tasked to set ‘green energy tariff’ for RE developments

Thursday, January 23, 2020

After tug-of-war among government agencies, it has been resolved that the Energy Regulatory Commission (ERC) shall finally be the one to determine and establish the “green energy tariff” for the next round of renewable energy (RE) installations in the country.

DOE, NCIP tackle hurdles in pursuing energy projects

Saturday, January 18, 2020

The Department of Energy (DOE) and National Commission on Indigenous Peoples (NCIP) are working together to address hurdles on implementing energy projects.

DOE expects WESM Mindanao opening to be delayed

Saturday, January 11, 2020

The Department of Energy (DOE) expects a delay in the start of full operations of the Wholesale Electricity Spot Market (WESM) in Mindanao due to pending rules in pricing.

DOE told: Use 2 energy laws to preempt brownouts

Friday, January 10, 2020

Sen. Sherwin Gatchalian has called on the Department of Energy (DOE) to make full use of the Evoss (Energy Virtual One-Stop Shop) Act and the Energy Efficiency and Conservation Act to preempt “another series of rotational brownouts” in the dry months as a result of thinning power supply.

ERC sets strategic plan to address case backlogs

Friday, January 10, 2020

As backlogs on regulatory cases and rule-making processes had been holding up investment flows in the power sector, the Energy Regulatory Commission (ERC) indicated that it will be employing multi-pronged strategies to clear up its dockets.

NGCP tariffs seen tracking continuous downtrend

Monday, January 6, 2020

The pass-on transmission charge of private concessionaire firm National Grid Corporation of the Philippines (NGCP) had been on continuous downtrend in several years – reaching a record low of ₱0.51 per kilowatt-hour (kWh) as of 2019, which is even lower than the ₱0.69 per kWh charge of National Transmission Corporation (TransCo) prior to the privatization of the country’s transmission assets.