PSALM moves bid submission for Malaya plant to April 23 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 April 8, 2021, 12:11 AM
In a move that deserves public commendation, the Energy Regulatory Commission (ERC) barred the state-run Power Sector Assets and Liabilities Management Corporation (PSALM) from passing on to consumers new universal charges (UC) for stranded debts (SD) and stranded contract costs (SCC).
The focal point of this decision are the beneficiaries of the Murang Kuryente Act (MKA) that was enacted to provide a safety net for those in the poor, marginalized and disadvantaged sectors.
According to projections made by Senator Sherwin Gatchalian, chairperson of the Senate energy committee before the enactment of the new law in August 2020: “A family that consumes 200 kilowatt-hours per month can expect that there will be a P172 decrease in their electricity bill every month, equivalent to an additional three to four kilograms of rice per month.” This is because of the deduction of two universal charges from their electricity bills.
ERC denies Nordeco s application for additional 15MW power supply sunstar.com.ph - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sunstar.com.ph Daily Mail and Mail on Sunday newspapers.
Chinese firm backs out Malaya nego deal 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.
The Department of Energy (DOE) is tightening its grip on the power generation companies (GenCos), so they can guarantee sufficient power supply as the Covid-19 vaccination program in the country gains traction.
This is a follow-through order from Energy Secretary Alfonso G. Cusi, after his initia