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…

PEMC says 744 switch suppliers under RCOA

A TOTAL of 744 customers have switched to sourcing their power supply from distribution utilities to retail electricity suppliers (RES) after rules on retail competition and open access (RCOA) came into effect, officials of the central registry of retail power users said. However, the number of switching customers may well ease as the same rules…

Energy department advises freeze on power supply talks for big users

THE Department of Energy (DoE) has told big power users to put on hold negotiations to source supply from retail electricity suppliers ahead of a common stand from government agencies after the Supreme Court blocked regulations that called for retail competition and open access (RCOA) in the power sector. “Freeze everything until the Supreme Court…

DOE holds PEMC audit

The Department of Energy (DOE) is conducting an overall independent audit on the Philippine Electricity Market Corp. (PEMC), operator of the electricity spot market, to ensure competitive power prices and safeguard consumers. The DOE has issued an order to create an independent committee to review and audit the financial, operational and systems records of PEMC….

Power spot market prices down in October

The electricity spot market continued to register monthly reductions in rates in October as a result of to higher supply and lower demand due to cooler temperature. In a statement, the Philippine Electricity Market Corp. (PEMC) said effective settlement spot prices (ESSPs) in the wholesale electricity spot market (WESM) fell seven percent from P2.86 per…

28 more for contestable power scheme — PEMC

TWENTY-eight electricity consumers using at least 750 kilowatts (kW) have been added to the list of contestable customers, or those who are required to source power from licensed retail electricity suppliers (RES), the Philippine Electricity Market Corp. (PEMC) said on Thursday. As of June 25, 2016, PEMC said 400 customers have participated as contestable customers,…

ERC considering reliability standards on forced outages

The ERC is considering establishing standards on forced outages of power plants to ensure sufficient power supply in the grid.  Philippine Electricity Market Corp. (PEMC) has asked the ERC, through Grid Management Committee (GMC), to form the standards. According to the PEMC, having standards on forced outages will allow the regulator to measure the number of…