The Energy Regulatory Commission (ERC) has denied the P0.30 per kilowatt hour (kWh) rate hike that had been jointly applied for by the Manila Electric Company (Meralco) and SMC Global Power Holdings (SMCGP) of the San Miguel group.
In a ruling issued by the power industry regulator on Monday,
With the repricing of fuel supply from the Malampaya gas field, power utility giant Manila Electric Company (Meralco) is expecting upward adjustment in the electric bills to their customers in this August billing cycle.
According to Meralco, while all billings from its power suppliers are stil
The Department of Energy (DOE) will prioritize the return-to-operation of the 1,200-megawatt Ilijan gas-fired power plant that is currently on shutdown because of fuel lack due to the depleting state of the Malampaya gas field.
“We lost 1,200MW of Ilijan, which is powered by natural gas, so th
State-run Power Sector Assets and Liabilities Management Corporation (PSALM) indicated that it is pursuing P34.04 billion worth of ‘overdue payables’ from South Premiere Power Corporation (SPPC), a subsidiary of San Miguel Corporation that served as independent power producer administrator (IPPA) of
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…