Meralco to charge extra P0.03/kWh (9/22/2010)

DISTRIBUTION UTILITY Manila Electric Co. (Meralco) has been allowed by the Energy Regulatory Commission (ERC) to charge an additional P0.0314 per kilowatt hour beginning next billing period to recover P3 billion from generation charges. Meralco said in a disclosure to the Philippine Stock Exchange the ERC had approved two of its petitions to recover around [...]

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IFC Willing to Finance Purchase of Olongapo Power Distributor (9/17/2010)

The International Finance Corporation, the investments arm of the World Bank Group, is open to funding the planned acquisition of the electric power distribution system of Olongapo City by Cagayan Electric Power and Light Company (Cepalco). In an interview with reporters, IFC Resident Representative Jesse Ang said “IFC is prepared to consider financing of Cepalco’s [...]

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ERC Sets Rules Requiring DUs to Go Public (9/13/2010)

New rules being drafted by the Energy Regulatory Commission (ERC) will require all power generation and distribution utilities (DUs) to undertake an initial public offering of equivalent to 15 percent of their shares. The ERC said this is in line with the mandate of the Electric Power Industry Reform Act (EPIRA) and the rules of [...]

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Non-WESM members face disconnection (9/08/2010)

NATIONAL GRID Corporation of the Philippines may soon start disconnecting from the grid distribution utilities and electric cooperatives in Luzon that have failed to register with the wholesale electricity spot market, following the issuance of an energy department circular. The circular prescribed the implementing rules and regulations which relieved National Power Corp. and Power Sector Assets [...]

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ERC defers testing for electric meters of distribution utilities (8/02/2010)

The Energy Regulatory Commission (ERC), the country’s power sector watchdog, has deferred the implementation of the testing method for electric meters of distribution utilities (DUs). ERC chairman Zenaida Ducut said the deferment was approved by the commission to allow DUs to amply comply with establishment of a meter shop which is a pre-condition before the [...]

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Meralco says power generation charge to go down this month (8/01/2010)

POWER DISTRIBUTION utility Manila Electric Co. (Meralco) said power rates should go down for the month with cheaper electricity from hydroelectric power plants sidelined by the dry spell early this year expected to come in to the power grid. Meralco Chief Operating Officer Oscar S. Reyes said in an interview continuous rains should allow the [...]

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Cebu power utility hikes rates under PBR scheme (7/30/2010)

CEBU CITY — The Visayan Electric Co., Inc. (VECO) expects to raise its asset base by 15% as it enters the four-year regulatory period under the performance-based rate scheme (PBR). Consumption within its franchise area is also expected to increase by at least 3% this year, with peak demand projected at 346 megawatts, while electricity [...]

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Utilities firms to set up meter shops (7/01/2010)

THE ENERGY REGULATORY Commission has allowed 57 distribution utilities to set up meter shops that will monitor the accuracy of household electric meters. According to the commission, the meter shops will be responsible for the routine testing, repair and calibration of electric meters, auxiliary devices and other equipment essential to the metering of electric power [...]

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O&M treatment up for recovery of DUs’ administrative system loss (6/13/2010)

The Energy Regulatory Commission (ERC) has fortified rules to guide the country’s distribution utilities (DUs) on what accounting treatment be employed for their administrative loss as input into the final rates or charges eventually passed on to end-users. Under Resolution No. 11 Series of 2010, the regulator noted that the actual company use (CU), also [...]

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Cepalco renews power suppy deal with affiliate firm for another 12 yrs (6/15/2010)

In the emerging era of merchant market where supply contracts are rare finds or the single-buyer model no longer reigns in the deregulated power industry, Cagayan Electric Power and Light Company Inc. (CEPALCO) may have pulled an advantage as it was able to renew for another 12 years its electricity purchase agreement (EPA) with affiliate [...]

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