Lenie Lectura

3 weeks ago | businessmirror.com.ph | Lenie Lectura

THE Energy Regulatory Commission (ERC) identified on Wednesday the power generation companies (GenCos) that failed to submit complete fuel purchase documents. The regulator said Thursday it issued  40 show-cause orders (SCOs) to Anda Power Corporation (APC), Angeles Power Inc. (API), Bukidnon Power Corporation (BPC), Calamian Islands Power, Corp. (CIPC), Delta Power, Inc. (DPI), DMCI Power Corp.

3 weeks ago | businessmirror.com.ph | Lenie Lectura

THE Wholesale Electricity Spot Market (WESM) prices in the first quarter of the year went down to P3.68 per kilowatt hour (kWh) from P4.56 per kWh in the same period last year despite increased demand led by higher temperatures in March, the Energy Regulatory Commission (ERC) said. The lower WESM rates resulted in an average of 7.7 percent decline in generation rates nationwide year-on-year.

3 weeks ago | businessmirror.com.ph | Lenie Lectura

THE Power Sector Assets and Liabilities Management (Psalm) Corp. has turned over to local government units (LGUs) and various communities over P377 million to support electrification and livelihood programs, among others. The amount is made up of P135,796,591.90 in ER 1-94 remittances and P241,708,468.65 in the “Share in the National Wealth,” or SNW, funds for 2024.

3 weeks ago | businessmirror.com.ph | Lenie Lectura

Singapore-based data center platform firm Digital Edge Holdings Pte. Ltd. (Digital Edge) has tapped First Gen Corp. (First Gen) to power its NARRA1 data center in Laguna. In an agreement signed by the two firms, First Gen will supply electricity to support the 10-megawatt (MW) requirement of the NARRA 1 data center, located inside the Laguna Technopark in Biñan, Laguna. First Gen will supply an initial 2.1 MW to Digital Edge for two years.

3 weeks ago | businessmirror.com.ph | Lenie Lectura

The National Grid Corporation of the Philippines (NGCP) is adopting a “wait-and-see strategy” while hoping that a performance-based regulation is implemented in the future to reflect the true cost of its investments. The grid operator was referring to the 4th Regulatory Period (4RP) petition it filed before the Energy Regulatory Commission (ERC). The ERC had said it completed its deliberations on the 4RP rate reset of NGCP, covering the years 2016 to 2022.