The Energy Regulatory Commission (ERC) will issue show cause orders against 40 power generation companies (GenCos) which failed to submit the monthly fuel data documents prescribed in their power supply agreements (PSAs).
The Energy Regulatory Commission will issue show cause orders against 40 power generation companies which failed to submit the monthly fuel data documents prescribed in their power supply agreements .
When sought for comment, ERC Chairperson Monalisa Dimalanta said fuel invoices need to be submitted monthly to support the pass-through fuel costs incorporated in the GenCo billings. She added that the commission will issue a final order together with the list of GenCos within the week. Last April, the ERC said it approved 14 PSAs and issued 977 Certificates of Compliance and Provisional Authorities to Operate in the first quarter.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
NGCP deals with local power suppliers get ERC final nodThe Energy Regulatory Commission (ERC) has issued its final approval to nine ancillary service procurement agreements (ASPA) entered into by the National Grid Corporation of the Philippines (NGCP) with various power suppliers. More ASPAs authorized by the regulator mean more power reserves to support the country’s transmission grid.
Read more »
DOE, ERC sign data-sharing agreementTHE Department of Energy (DOE) and the Energy Regulatory Commission (ERC) have formalized a data-sharing agreement that will establish a framework for the secure, timely, and real-time exchange of vital information between the two agencies.
Read more »
ERC issues preliminary pricing for 4th green energy auctionThe Energy Regulatory Commission (ERC) said it issued the draft reserve price for the fourth round of the Green Energy Auction (GEA) involving 9,378
Read more »
Electricity rates to increase as ERC okays higher NGCP transmission chargesMANILA, Philippines — Electricity rates are expected to increase again after the Energy Regulatory Commission (ERC) allowed the National Grid Corporation of the Philippines (NGCP) to raise its transmission charges stemming from its under-recovery of P28.29 billion.
Read more »
ERC approves NGCP ancillary agreementsTHE Energy Regulatory Commission (ERC) has approved the National Grid Corp. of the Philippines' (NGCP) Ancillary Services Procurement Agreements (ASPAs) with five power generation companies to ensure stable electricity supply in their respective areas of operations.
Read more »
DOTr tells Cathay Pacific to explain torn-passport incident in CebuLatest Philippine news from GMA News and 24 Oras. News, weather updates and livestreaming on Philippine politics, regions, showbiz, lifestyle, science and tech.
Read more »