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Group raises power 'overpricing' woe to DOE, to seek House inquiry

Published May 15, 2021, 6:00 AM I was invited to the Joint Congressional Energy Commission meeting held last April 27, 2021. I was very encouraged again by the invitation to participate in the JCEC. We submitted to the JCEC the position paper of the consumer advocacy group which I lead, Laban Konsyumer Inc., on the power supply outlook and renewable energy law. Our position paper can be accessed in our website at www.labankonsyumercom. This is the big news on the removal of the Feed in Tariff or FIT. Secretary of Energy Alfonso G.  Cusi  in the Virtual Economic Briefing of the Philippine Em...

SunStar + May 13, 2021 PLEASE allow me to react to the incisive article by Mr. Pachico Seares on the issue revolving around Veco's high electricity rates. This is also a commentary on all the players -- business sector, politicians, and other stakeholders -- who are complaining, wanting to investigate, and eventually hoping to bring the rates of Veco down. First off, we are one with these groups in seeking Veco to reduce its power rates. We believe there is always a way to bring cost down, either via reduced generation cost (which comprise around 60 percent of Veco's bill), reduc...

USPLASH Based on average power demand in the Luzon-Visayas grids for January and February, the Philippines’ first quarter 2021 GDP seems to point to a -5% contraction with a -6.7% power demand contraction in January and a -4.8% contraction in February. Data from the Independent Electricity Market Operator of the Philippines (IEMOP) further shows that electricity prices at the Wholesale Electricity Spot Market, the customer effective spot settlement price (ESSP) and load-weighted average price (LWAP) remain low in January and February, reflecting low demand relative to supply (see Table 1)....

BusinessWorld February 23, 2021 | 6:24 pm By Victor Andres C. Manhit Before the COVID-19 (coronavirus disease 2019) pandemic, the country’s grid system operator, National Grid Corporation of the Philippines (NGCP), reported a looming power shortage over the Luzon grid in the summer months of 2020. However, COVID-19 happened. The lockdowns implemented to slow the spread of the virus sent severe shocks throughout the country’s economic sectors. As a result, the Department of Energy (DoE) later revealed that electricity consumption dropped by 30% in Luzon during the initial q...