Tag: Energy Regulatory Commission

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Surplus triggers negative WESM prices on holidays, signaling supply-demand imbalance

The Energy Regulatory Commission (ERC) reported a rare occurrence of negative average electricity prices at the Wholesale Electricity Spot Market (WESM) during major holidays, highlighting a significant gap between supply and demand that has broad economic and commercial implications.

DOE presses Meralco on full compliance with power supply deal

The Department of Energy (DOE) is urging Manila Electric Co. (Meralco) to strictly comply with all provisions of its power supply agreements (PSAs), particularly the 1,200-megawatt deal with Excellent Energy Resources Inc. (EERI), amid delays in the latter’s plant commissioning and fuel supply readiness.

SMC tops AEV installed power under new ERC capacity limits

The Energy Regulatory Commission (ERC) has formally set the 2025 national and regional power capacity limits, reaffirming its regulatory oversight of the Electric Power Industry Reform Act (EPIRA) of 2001.

ERC declares COA national agency champion for net metering

More participants are seen joining the so-called net-metering program as the Energy Regulatory Commission (ERC) recognized the Commission on Audit (COA) a national agency...

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Jollibee Group earns Golden Arrow honors again

Jollibee Foods Corporation, widely known as the Jollibee Group, has once more earned distinction at the 2026 Golden Arrow Awards from the Institute of Corporate Directors (ICD), securing two Golden Arrows for the second year running. This achievement also marks its fifth consecutive year receiving the prestigious recognition, reflecting steady progress in upholding high standards of corporate governance. The honor follows strong performance in the 2025 ASEAN Corporate Governance Scorecard (ACGS) assessment, where the company improved its overall score compared to the previous year. The Golden Arrow Awards recognize publicly listed Philippine companies that meet rigorous regional governance benchmarks, with the award granted to those achieving a score of at least 75 points across key areas including shareholder rights, stakeholder relations, transparency, board oversight, and sustainability. Group Global President and CEO Ernesto Tanmantiong emphasized that the accolade underscores years of dedicated work across the organization, noting that robust governance remains central to sustainable growth, greater accountability, and lasting value for all stakeholders. As the business continues to expand, the Jollibee Group affirmed its ongoing commitment to refining governance practices that support both strategic goals and the interests of those it serves.

Singapore Air unveils next-gen long-haul cabins; over S$2 B invested for better travel

Singapore Airlines (SIA) has officially launched its brand-new next-generation long-haul cabin products, crafted around how passengers actually work, dine, relax, and rest in the air to deliver a more comfortable, personal, and intuitive journey. The investment totals more than S$2 billion across all four cabin classes—First, Business, Premium Economy, and Economy—as part of the airline’s upgraded end-to-end travel experience.

BSP: Stability key to growing future industries

The Bangko Sentral ng Pilipinas (BSP) has emphasized that steady economic conditions, a reliable financial system, and solid infrastructure are essential to helping new, higher-value industries take root and thrive.

Converge brings digital access, learning aid to remote communities in Nueva Vizcaya, Zambales

Converge ICT Solutions Inc. is stepping up to bridge the digital divide in some of the country’s most isolated areas, bringing connectivity, educational tools, and essential support to underserved learners across the hinterlands.

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