To ensure a competitive market environment among power generation companies (gencos) and safeguard the interest of consumers, the Supreme Court has declared null and void the order issued by the Energy Regulatory Commission (ERC) that regulated the prices in the Wholesale Electricity Spot Market (WESM) for the supply months of November and…
After the unwarranted blackout incidents in some parts of Metro Manila and neighboring provinces over the weekend, the major power grid of Luzon was still wobbling into "yellow alert" or tight supply condition as of Monday, June 20, as several power plants suffered forced outages. System operato
The astronomical rise in global coal prices had driven up the net income of Consunji-led Semirara Mining and Power Corporation (SMPC) to a record high P16.2 billion last year, or 393 percent jump from P3.3 billion in 2020. The firm noted that the significant income hike had been due to array of
At least 10 generation companies (GenCos) that were tagged as culprits in last year’s summer brownouts had been penalized by the Energy Regulatory Commission (ERC) for breaching the prescribed limits on "forced outages" of generating facilities. According to the ERC, those that have been meted w
The Energy Regulatory Commission (ERC) has penalized the 600-megawatt Calaca coal-fired power facility of Sem-Calaca Power Corporation (SCPC) of the Consunji group due to excessive "forced outages" that it logged throughout its operations last year. In a recently issued ruling, the ERC said it s