The Mindanao Development Authority (MinDA) is opposed to the privatization of the Agus-Pulangi Hydroelectric Complex (APHC) that aims to lower power costs and stabilize electric..
PSALM wants stranded debts in power bills removed – Manila Bulletin mb.com.ph - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mb.com.ph Daily Mail and Mail on Sunday newspapers.
Published June 7, 2021, 6:00 AM
ERC hints ‘pricing play’
The country’s giant power firms have been tagged as the culprits in last week’s rotational brownouts with “forced outages’ of their power plants going beyond the time allowance prescribed by the Energy Regulatory Commission (ERC).
In a Congressional hearing on Friday, ERC chairperson Agnes T. Devanadera further hinted of “pricing play” as the secondary price cap in the Wholesale Electricity Spot Market (WESM) had been hit 418 times this year. A ‘play’ in the market angle is also being scrutinized by the regulatory body given the price spikes that will then be punishing consumers with higher electric bills.
Published June 4, 2021, 5:02 PM
The National Electrification Administration (NEA) is seeking write-off of the consumers’ “worthless receivables”, including those whose records have been destroyed or already impossible to be retrieved.
In particular, NEA indicated in an addendum that it is providing clarification to the debts’ write-off mandate, following the bid of Lanao Del Sur Electric Cooperative (LASURECO) that its arrears be also expunged because records on such have already been lost or destroyed, including electronic storage devices, because of the armed conflict in Marawi in 2017.
According to NEA Administrator Edgardo R. Masongsong, “the existing NEA guidelines on the writing-off of receivables do not cover such conditions as a qualification for the writing-off of said receivables.”
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