Energy & Mining
ERC drafting consumer-friendly omnibus RCOA guidelines
The Energy Regulatory Commission (ERC) is drafting new guidelines to the omnibus retail competition and open access (RCOA) under which the threshold had been lowered to 100 kilowatt-hours from 500 kwh at the moment.
FIT-All collection suspension likely extended till yearend
The Energy Regulatory Commission (ERC) said the feed-in-tariff allowance (FIT-All) collected by renewable energy providers may remain suspended till the end of the year.
PSALM appoints ADB as advisor in CBK hydro plant privatization
The government has awarded the Asian Development Bank (ADB) the contract as transaction advisor to the Philippines Power Sector Assets and Liabilities Management Corp. (PSALM) to privatize the Caliraya–Botocan–Kalayaan (CBK) hydroelectric power plant complex in Laguna.
Gasoline sells higher beginning Tuesday
The various fuel retailers have increased the per liter price of their gasoline at the pumps beginning midnight Tuesday, 17 October this year.
ACEN secures P5B term loan from Metrobank
ACEN Corp. has secured a loan for P5 billion for general corporate purposes, including but not limited to capital expenditures in pursuing additional renewable energy (RE) projects.
