May 16, 2017

ERC okays P7-billion refund of Meralco over-recoveries from 2014 to 2016

from BusinessMirror – May 15, 2017 THE Energy Regulatory Commission (ERC) has given the Manila Electric Co. (Meralco) the green light to refund consumers nearly P7 billion worth of over-recoveries incurred from 2014 to 2016. ERC Commissioner Alfredo J. Non said consumers will […]
May 15, 2017

ERC hit for inaction on feed-in tariff payments

by Alena Mae S. Flores – May 12, 2017 at 09:28 pm from Manila Standard Today Senator Sherwin Gatchalian slammed the Energy Regulatory Commission for its “regulatory inaction” that has resulted in a P6.6-billion backlog payment to renewable energy developers in the form […]
May 15, 2017

NGCP wants ‘settlement’ of ROW acquisitions at end of concession

By Myrna M. Velasco – May 14, 2017, 10:00 PM from Manila Bulletin Private concessionaire National Grid Corporation of the Philippines (NGCP) has communicated to government that it will just agree to account its project right-of-way (ROW) acquisitions by the end […]
May 15, 2017

Scrapping of zero VAT RE to drive up electricity rates

By Myrna M. Velasco – May 14, 2017, 10:01 PM from Manila Bulletin The country’s renewable energy (RE) developers are appealing to Congress for the retention of value-added tax (VAT) zero-rating incentive set forth for such projects, noting that enforcing otherwise […]