Performance Incentive Scheme News Today

THE Energy Regulatory Commission (ERC) is awaiting input from its legal department before beginning deliberations on the application of Manila Electric Co. (Meralco) to withdraw its business plan for regulatory period 2023 to 2026. “We are waiting for the memo from our legal. The application for withdrawal is very complicated.…

The Manila Electric Co. (Meralco) is revising its proposed Annual Revenue Requirement (ARR) and Performance Incentive Scheme (PIS) that are supposedly intended for years 2023 up to 2026 because the numbers no longer reflect the utility firm’s actual spending, according to a company official. Under the Fifth Regulatory Period (5RP)…

Overall grid performance better under NGCP

The National Grid Corporation of the Philippines (NGCP) continues to improve the performance of the power grid since taking over

 The NGCP said the grid’s performance since it took over in 2009 until 2022 was “significantly better” compared to when the grid was run by the government from 2000 to 2008.

THE National Grid Corporation of the Philippines (NGCP) better manages the country’s power transmission system than when it was being run by the government from 2000 to 2008, the grid operator asserted on Wednesday. The NGCP’s overall performance in operating the grid from 2009 to 2022 was significantly better as…

KR1 plc - Issue of Equity under Performance Incentive Scheme PR Newswire London, July 14 14 July 2022 KR1 plc ("KR1" or the "Company") Issue of Equity under

THE Manila Electric Co. (Meralco) is assessing its financial position to determine if it can borrow money this year to fund its power projects. “Yes, we are currently reviewing already our cash flow requirements given the capex. We’re looking to do something within the year,” said Meralco Senior Vice President…

THE Energy Regulatory Commission (ERC) has set the hearing this month on the application of the Manila Electric Co. (Meralco) for the approval of its proposed Annual Revenue Requirement (ARR) and Performance Incentive Scheme (PIS) for the Fifth Regulatory Period (5RP). “Finding the said application to be sufficient in form…

Manila Electric Co. is alloting P149.66 billion for its capital expenditure program in the next four years.