THE Energy Regulatory Commission (ERC) is awaiting input from its legal department before beginning deliberations on the application of Manila Electric Co. (Meralco) to withdraw its business plan for regulatory period 2023 to 2026. “We are waiting for the memo from our legal. The application for withdrawal is very complicated.…
The Manila Electric Co. (Meralco) is revising its proposed Annual Revenue Requirement (ARR) and Performance Incentive Scheme (PIS) that are supposedly intended for years 2023 up to 2026 because the numbers no longer reflect the utility firm’s actual spending, according to a company official. Under the Fifth Regulatory Period (5RP)…
The NGCP said the grid’s performance since it took over in 2009 until 2022 was “significantly better” compared to when the grid was run by the government from 2000 to 2008.