Manila Electric Co. (Meralco) has applied for a retail electricity supplier (RES) license to be able to continue its participation in the retail electricity market as part of compliance with the new retail competition and open access (RCOA) rules it earlier opposed. Meralco has formed a subsidiary called Vantage Energy Solutions and Management Inc. intended…
Tag: RES
AC Energy Holding eyes retail energy business
AC Energy Holdings Inc. is dipping its foot in the retail energy business, initially targeting a 50-megawatt (MW) supply in the next three years in line with the full implementation of retail competition and open access (RCOA). The Ayala power investment arm has established itself as a retail electricity supplier (RES) after getting the necessary…
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 assures Meralco ‘fair treatment’ when it creates, registers RES affiliate
ENERGY Regulatory Commission (ERC) Chairman Jose Vicente B. Salazar assured the Manila Electric Co. (Meralco) it would get a “fair treatment” should it decide to form an affiliate and have this registered as a retail electricity supplier (RES) with the commission. “We’re not preventing Meralco from forming or creating an affiliate to undertake the business…
DOE crafts draft RPS rules for comment
The Energy Department issued a draft circular requiring electric power companies to source at least 1 percent of their annual energy demand from renewable energy resources for the next 10 years. It said the draft circular on renewable energy portfolio standards or RPS was being adopted to contribute to the growth of the renewable energy industry…
Meralco gets TRO vs. new RCOA rules
Manila Electric Co. (Meralco) has secured court approval for its request to stop new RCOA rules which it claimed are not in accordance with Republic Act 9136 or the Electric Power Industry Reform Act (EPIRA) and its implementing rules and regulations. In an order dated June 13, Pasig Regional Trial Court – Branch 157 presiding…
ERC seeks to dismiss Meralco TRO vs. RCOA rules
THE Energy Regulatory Commission (ERC) has asked the Regional Trial Court in Pasig City to dismiss the petition of the Manila Electric Co. (Meralco), which is seeking for a temporary restraining order (TRO) and/or writ of preliminary injunction in connection with its three resolutions on the Retail Competition and Open Access (RCOA). Read more here.
FPI: RCOA rules detrimental to industries
The Federation of Philippine Industries (FPI) has expressed apprehension over the new rules of the Energy Regulatory Commission that limit the choice of customers to select their power supplier by disallowing distribution utilities and other industry players from taking part in the retail electricity service (RES) market and imposing market share caps on all RES suppliers….
PEMC receives 20 contestable market applications
THE PHILIPPINE Electricity Market Corp. (PEMC) has received 20 applications from electricity end-users consuming 750kwh who wish to become “contestable consumers” and have the option to choose their retail electricity supplier (RES), the company said on Tuesday. This comes as the ERC has finally issued the dates during which contestable consumers are required to buy their electricity…
Winnergy Holdings Corp. 