ERC urged on policy for power supply deals

The Energy Regulatory Commission (ERC) needs to form a policy in centralizing the competitive selection process (CSP) which will create a level playing field for distribution utilities (DUs) and electric cooperative (ECs) in securing power supply deals with generation companies. Philippine Electricity Market Corp. (PEMC) is currently finalizing its study on the third party auctioneer…

Solons rap alleged midnight deals by ERC in favor of Meralco

Congressmen on Tuesday assailed the alleged sweetheart deals engineered by officials of the Energy Regulatory Commission (ERC) to favor power distributor Meralco, allowing the latter to lock down consumers in its franchise areas to disadvantageous power rates for up to 25 years. In a statement issued to media, Bagong Henerasyon Rep. Bernadette Herrera-Dy said the power supply…

Solon seeks probe on energy regulator, Meralco

A lawmaker on Tuesday called for an investigation on allegations the extension of a regulatory deadline for compliance with competition rules benefited the Manila Electric Co. The Energy Regulatory Commission had set a November 2015 deadline but was later extended to 2016, Bayan Muna party-list Representative Carlos Isagani Zarate said. Four days before the new…

Iloilo coal-fired plant online by July

Palm Concepcion Power Corp., which has two 135-megawatt coal-fired power units in Iloilo, is set to start supplying customers in the Visayas by July. The company started synchronizing its first unit to the Visayas Grid two weeks ago through the National Grid Corporation of the Philippines (NGCP-Western Visayas), according to its President and Chief Executive Roel…

Solar power competitive against coal

The solar power industry has built up enough capacity to compete with conventional energy sources, including coal, experts said.  Solar Philippines CEO Leandro L. Leviste said that even if utilities (such as Manila Electric Co. and electricity cooperatives) in areas with solar farms would conduct competitive bidding now, solar power would be competitive even against…