Tag: ERC
-
Senator Hontiveros Demands Meralco Refund PHP100 Billion Before Franchise Renewal
Senator Risa Hontiveros has insisted that the Manila Electric Company (Meralco) should refund an estimated PHP100 billion to consumers for alleged overcharges before its franchise can be renewed by Congress. During discussions on Meralco’s franchise renewal, Hontiveros committed to advocating for a Senate inquiry into the company’s pricing strategies prior to any franchise extension. She…
Written by
-
Philippine Lawmaker Demands Refund of NGCP’s Alleged Excess Earnings
In a recent session at the House of Representatives, the chair of the Ways and Means Committee, Albay Representative Joey Salceda, advocated for new laws to ensure that the National Grid Corporation of the Philippines (NGCP) returns an estimated PHP204.3 billion in excess profits to its consumers. Salceda argued that any profits exceeding the permitted…
Written by
-
ERC Slaps NGCP with P15.8 Million Fine for Delays in 34 Power Projects
The Energy Regulatory Commission (ERC) has levied a hefty P15.8 million fine on the National Grid Corporation of the Philippines (NGCP) due to delays in completing 34 power transmission projects. This decision was announced by ERC Chair Monalisa Dimalanta during a House Committee on Legislative Franchises hearing on December 23, 2024. Out of the 37…
Written by
-
ERC Slaps NGCP with P15.8M Fine for Delays in 34 Power Projects
The Energy Regulatory Commission (ERC) has levied a hefty fine of PHP15.8 million on the National Grid Corporation of the Philippines (NGCP) due to delays in completing 34 power transmission projects. This decision was announced by ERC Chair Monalisa Dimalanta during a House Committee on Legislative Franchises hearing on December 23, 2024. The ERC’s investigation…
Written by
-
Senator Urges ERC to Tackle Long-Delayed Power Rate Adjustments
In a recent statement, Senate Majority Leader Francis Tolentino expressed his concerns over the Energy Regulatory Commission’s (ERC) slow response to power rate resets, particularly in the case of Manila Electric Corp. (Meralco). Tolentino highlighted that Meralco’s last rate reset, which expired in 2015, was only recently addressed when the ERC allowed Meralco to withdraw…
Written by
-
Negros Power Commences Full Operations Following ERC Approval
BACOLOD CITY – Negros Electric and Power Corp. (Negros Power), in partnership with Central Electric Cooperative (Ceneco), has begun full operations after receiving a provisional Certificate for Public Convenience and Necessity (CPCN) from the Energy Regulatory Commission (ERC). Bernard Bailey Del Castillo, the chief operating officer of Negros Power, announced the development following the ERC’s…
Written by