Energy & Mining
ERC relents on genco pass on costs, signals consequent charge/unit rate adjustments
The Energy Regulatory Commission (ERC) on Thursday announced authorizing the Manila Electric Co. (Meralco) to collect on behalf of power generation companies or gencos so-called pass-on costs that have been denied the industry for some time, compelling some of the more heavily affected companies to seek prompt redress of their grievances.
Strict cost recovery limits financially painful for clean energy providers
First Gen Corp. on Wednesday urged regulators to act promptly on the cost recovery mechanism of power companies using imported liquefied natural gas (LNG), saying the dilly dallying is causing financial pain and sends signals that only discourages the entry of more investors.
Transmission issues compel SPNEC to seek award termination of 280-MW solar project
SP New Energy Corp. (SPNEC) has asked the Department of Energy (DOE) to terminate the notice of award extended the company's 280-megawatt Sta. Rosa solar project in Nueva Ecija under the first Green Energy Auction round or GEA-1.
Fuel prices retreat a third time this week
The price of petroleum products at the pumps fall a third time this week, led by gasoline products that beginning Tuesday cost P2.45 per liter cheaper.
Meralco electricity rates to increase by P0.0327/kWh in August
Manila Electric Co., the listed power distributor whose service area generates half of the country's economic output, said Monday power rates in August will rise by P0.0327 per kiloWatt-hour, lifting overall rate for a typical household to P11.6339 a kWh.
