November 1, 2022

Denied SMC-Meralco rate hike: End of an era for fixed-price PSAs?

By Myrna M. Velasco – November 1, 2022, 1:11 PM from Manila Bulletin Cheers and jeers had greeted the decision of the Energy Regulatory Commission (ERC) on the junked petition of the Manila Electric Company (Meralco) and the subsidiaries of […]
July 5, 2022

SC strikes down ERC regulation on power mart

By Rey E. Requejo – July 5, 2022, 12:20 am from manilastandard.net The Supreme Court has nullified the order issued by the Energy Regulatory Commission (ERC) that regulated the prices in the Wholesale Electricity Spot Market (WESM) for the supply […]
June 15, 2020

SMC debt to PSALM swells to P27 B

By Myrna M. Velasco – June 14, 2020, 10:00 PM from Manila Bulletin The accounts receivables of state-run Power Sector Assets and Liabilities Management Corporation (PSALM) from South Premiere Power Corporation (SPPC), a subsidiary of San Miguel Corporation (SMC), had […]
February 26, 2020

ERC provisionally clears Meralco power deals that had CSP in ’19

By Lenie Lectura -February 26, 2020 from Business Mirror THE Energy Regulatory Commission (ERC) has provisionally approved the Manila Electric Company’s (Meralco) power supply agreements (PSAs) that underwent competitive bidding last year. “The ERC granted provisional authority to implement the […]