The Department of Energy (DOE) will be rescinding its order mandating the conduct of joint competitive selection process (CSP) for the electric cooperatives (ECs) in their aggregated procurement of capacities from gas-fired power facilities.
Author Archives: L&A Staff
With high anticipation that electric bills will drastically spike during the summer months, the Energy Regulatory Commission (ERC) sounded off this early that it will prod the private distribution utilities (DUs) and electric cooperatives (ECs) on staggered billing on the resulting radical rate spikes during the summer months.
The Energy Regulatory Commission asked distribution utilities to stagger the anticipated bill shock amid the red and yellow alerts experienced in April that led to higher prices at the electricity spot market.
Aboitiz Solar Power Inc. (ASPI) is seeking a provisional approval from the Energy Regulatory Commission to develop a dedicated point-to-point limited transmission facility to connect its 137.48-megawatt Calatrava solar power project to the Visayas grid.
The Energy Regulatory Commission temporarily suspended the operation of the Wholesale Electricity Spot Market (WESM) in Luzon and Visayas under certain conditions to mitigate the anticipated increase in prices in the spot market, President Marcos said on Wednesday.
MANILA Electric Co. (Meralco) said it has switched on the P170.81-million Malinta Substation in Valenzuela City, aiming to enhance electricity services in the area.
THE National Grid Corp. of the Philippines (NGCP) said it placed the Luzon power grid under yellow alert on Thursday afternoon, as power reserves fell below the grid’s safety margin.
ACEN Corp. said it has agreed to subscribe to additional shares in its subsidiary ENEX Energy Corp., amounting to P30 million.
THE ENERGY Regulatory Commission (ERC) on Tuesday ordered the suspension of trading in the Wholesale Electricity Spot Market (WESM) during red alerts to prevent a spike in electricity prices.
MANILA – President Ferdinand R. Marcos Jr. said Wednesday the Energy Regulatory Commission (ERC) would temporarily suspend the Wholesale Electricity Spot Market (WESM) operation during a red alert notice in the country’s power grids to tame the rising prices of electricity.
The Philippine Energy Efficiency Alliance (PE2) called for a strategic shift to address the tight power supply by managing peak demand as a prerequisite to planning new generating and transmission capacities.
MANILA Electric Co. (Meralco) said it awaits the approval of the Energy Regulatory Commission (ERC) for its 400-megawatt (MW) power supply agreement (PSA) with San Miguel Corp.’s power unit to help boost its energy requirements.