ERC approves provisional FIT-All rate hike to P0.3359 Per kWh
The Energy Regulatory Commission (ERC) has granted the National Transmission Corporation (TransCo) provisional authority to collect a higher Feed-in Tariff Allowance (FIT-All) rate starting this month. The rate will rise to P0.3359 per kilowatt-hour (kWh) from the existing P0.2011 per kWh, marking an increase of P0.1348 per kWh. This adjustment covers the approved working capital allowance (WCA) rate update.
Meralco backs ERC-ordered P9.5B consumer refund program
Listed Manila Electric Co., the country’s largest power distributor and better known as Meralco, on Sunday said it will immediately comply with the Energy Regulatory Commission's (ERC) directive to refund about P9.5 billion to customers, backing the government's push to deliver quicker and more transparent electricity bill relief.
PCCI says power bill relief must lead to deeper energy reforms
The Philippine Chamber of Commerce and Industry (PCCI) said the government's plan to scrap systems loss charges and the value-added tax (VAT) on electricity bills should serve as a springboard for broader reforms aimed at lowering power costs and improving the country's investment competitiveness.
Fuel prices expected to drop after five serial weeks of increases
Motorists may finally see relief at the pump as local fuel prices are projected to decrease this week, marking the first rollback following five straight weeks of price hikes.
SEC urges small business incorporation to encourage growth and funding
The Securities and Exchange Commission is encouraging micro, small, and medium enterprises across the country to formally incorporate their businesses to access larger capital markets and secure long-term growth.
