The Aboitiz-led Therma Marine Inc. will refund P14.25 million to an electric cooperative in Zamboanga as soon as the Energy Regulatory Commission approves its proposed payment scheme.
The Energy Regulatory Commission (ERC) has approved adjustments in the power-generating capacity that a single entity can own or acquire to protect electricity consumers from a possible monopoly.
Consumers can heave a sigh of relief as the Energy Regulatory Commission rejected the petition of the state-run Power Sector Assets and Liabilities Management Corp. (PSALM) to collect another P65 billion worth of so-called stranded debts.
Power consumers should brace for higher electricity rates, starting March, as the Energy Regulatory Commission has allowed the state-run Power Sector Assets and Liabilities Management Corp. (PSALM) to collect P53.58 billion worth of so-called stranded contract costs.
Customers of power distributor Manila Electric Co. may expect their electricity rates to go down, after the Energy Regulatory Commission approved the utility’s new power supply agreements (PSAs) and its peak/off-peak (POP) program.
The over 800 customers who have already been qualified to participate in the open access and retail competition scheme may have to wait a year longer when the platform is expected to be fully operational.
Manila Electric Co. (Meralco), the country’s biggest power distributor, has offered to defer the collection of additional bill deposits to January 2013 instead of this month to ease the impact of these charges on its affected customers.
A lawmaker on Friday urged the House Committee on Energy through House Resolution 2418 to look into the impending series of power rate hike following adjustments filed by agencies with the Energy Regulatory Commission (ERC).
Power consumers will have to brace for further hikes in their electricity bills if the state-run National Power Corp. is allowed to recover money used as higher yearly subsidies worth a total of P87 billion between now and 2016.
The Energy Regulatory Commission (ERC) expects to finally issue the much-awaited feed-in-tariff (FIT) rates for renewable energy sources later this month or July at the latest, a move that is seen to jumpstart the stalled local renewable energy industry.
State-run Power Sector Assets and Liabilities Management Corp. seeks to increase electricity rates in Luzon and the Visayas to recover from consumers P3.85 billion in foreign exchange related and fuel and purchased power costs.
Manila Electric Co. customers can expect lower power bills in May as the generation charge fell by 6.38 centavos to P5.5983 per kilowatt-hour.
