Tag: Energy Regulatory Commission

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

Energy & Mining Context.ph Context.ph -
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

Energy & Mining Context.ph Context.ph -
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

Energy & Mining Context.ph Context.ph -
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

Energy & Mining Context.ph Context.ph -
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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JG Summit to buy 37B OPMC shares from unit

Corporate 0
JG Summit Holdings Inc., the listed investment holding company of the Gokongwei Group, plans to acquire nearly 37.1 billion common shares in listed Oriental Petroleum and Minerals Corp. (OPMC) from its wholly owned subsidiary, consolidating its investment in the oil and gas company at the parent level.

GMA Network principal shareholders approve merger

Corporate 0
GMA Network Inc.’s principal shareholders, Television International Corporation (TIC) and M.A. Jimenez Enterprises Inc. (MAJEI), have approved a merger that will consolidate the two entities into a single corporation, with TIC as the surviving company.

Vingroup eyes Batangas for $500M EV plant, export hub

Mobility 0
Vietnamese conglomerate Vingroup is considering Batangas for its planned USD500-million electric vehicle (EV) manufacturing complex, with the facility expected to serve export markets as well as domestic demand, according to a source familiar with the investment discussions.

SM Hotels expands Halloween offerings across 9 properties

Travel & Tourism 0
SM Hotels and Conventions Corp. (SMHCC) is rolling out Halloween-themed dining and entertainment activities across nine hotel properties nationwide from Oct. 24 to 31, seeking to draw families and leisure guests beyond the traditional market for overnight stays.

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