The Power Sector Assets and Liabilities Management Corp. (PSALM) is seeking regulatory approval for power rate adjustments to cover the stranded debt of the National Power Corp. (Napocor) as well as the fuel and foreign exchange costs incurred last year. In its first filing, PSALM wants to recover P27.67 billion worth of stranded debt of…
Tag: NPC
Power entities vow to help DOE provide electricity to marginalized communities
INDUSTRY stakeholders are willing to assist Energy Secretary Alfonso G. Cusi reach his goal of providing electricity to marginalized people at a reasonable price. The National Electrification Administration (NEA) said it has recently achieved its target of providing power to more than 32,000 sitios. Also, NEA Public Affairs Office Head Judith T. Alferez said under the previous administration, the…
PSALM seeks ERC approval to recover NPC fuel expenses for Visayas clients
THE Power Sector Assets and Liabilities Management Corp. (PSALM) is seeking regulatory approval to recover fuel and purchased power costs by the National Power Corp. (NPC) in the Visayas. PSALM, tasked to privatize NPC’s power assets to help generate funds to pay off NPC’s debts, has applied before the Energy Regulatory Commission (ERC) for a P0.4367…
Cusi prioritizes 100% electrification in first 100 days
Improved services to the people through 100 percent electrification and speedy processing of public dealings are among the top priorities of the new Department of Energy (DOE) chief in his first 100 days. DOE Secretary Alfonso Cusi vowed to continue the progress made by the previous administration on the national electrification mandate. The DOE chief…
NPC seeks P1.65-B cost recovery in missionary areas
The National Power Corp. (Napocor) is seeking to recover around P1.65 billion in fuel costs incurred in the delivery of power in off-grid areas during the second half of 2014. In a filing with the Energy Regulatory Commission (ERC), the state-run firm is asking the power regulator to grant its application for its 14th generation…
Napocor delivers diesel genset to Palawan municipality
THE National Power Corp. (Napocor) has delivered a 160-kilowatt (kW) generating set to a town in Palawan, which it said could provide 24 hours of electricity and boost the local economy and tourism. The additional supply from a diesel power facility is an upgrade from the 12-hour electricity previously serving around 700 households and commercial…
PSALM oks Sucat privatization in Q3 2016
THE BOARD of the Power Sector Assets and Liabilities Management Corp. (PSALM) has approved another auction for the 850-megawatt (MW) Sucat thermal power plant in Muntinlupa City. A company official said this will be another round of public bidding, but may proceed to a negotiated sale in case of a failed bid. The privatization of the decommissioned…
June power rates to go up by P0.065/kwh
Customers can expect higher electricity bills in June after the ERC approved a P0.065 per kilowatt hour power rate adjustment that will go to the differential ancillary services charge. The National Grid Corp. of the Philippines (NGCP) filed for the approval of the Ancillary Service Procurement (ASP) with the National Power Corp. (NPC) on May 20, 2009….
Higher power rates in 2017 due to missionary electrification
Consumers may face higher power bills in 2017 if the energy regulator clears the petition of the National Power Corp. (Napocor) to cover over P10 billion worth of subsidies for missionary electrification next year. Read more here.
Napocor ups power output in 3 Quezon towns
National Power Corp. (Napocor) raised the capacity of its power asset in Quezon province ahead of the elections, thereby increasing electricity supply rom 16 hours to 24 hours in Polilio, Burdeos and Panukulan municipalities. Read more here.
NPC studies hydro as energy source
There are significant hydro resources to explore according to a NPC-commissioned study. Read more here.
Winnergy Holdings Corp. 