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ERC names 8 GenCos for penalties

ERC names 8 GenCos for penalties
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.

Ilocos Sur , Agnest Devanadera , First Gas Power Corporation , Team Sual Corporation , Energy Regulatory Commission , Power Corporation For The Calaca , Liabilities Management Corporation , Power Company , Energy Development Corporation , First Natgas Power Corporation , Power Corporation For Barge , Hedcor Bukidnon Inc , Masinloc Power Partners Co , Gnpower Mariveles Coal Plant Ltd , Luzon Power Generation Corporation , Panay Power Corporation , Benguet Inc , Power Corporation For Panay , Company Limited , Power Sector Assets , Calaca Power Corporation , Aboitiz Power Benguet , Southwest Luzon Power Generation Corporation , Masinloc Power Partners , San Miguel , Mariveles Coal Plant Ltd ,

Regulator tags giant power firms as 'brownout culprits' – Manila Bulletin

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. ....

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Rotating brownouts may last until June 7

In the midst of a pandemic that the government cannot fully address efficiently, Filipino consumers are being slapped with added burdens of persistent rotating brownouts that may last until June 7 this year, plus unwarranted spikes in electricity prices that surged to as high as P37 per kilowatt hou ....

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Luzon grid plunged into rotating brownouts

As Energy Secretary Alfonso G. Cusi has his attention on the sizzling political tension at the administration’s political party PDP-Laban, the power grid of Luzon grid made its own scene as it plunged Filipino consumers into brownouts while they are being inconvenienced with extremely hot summer wea ....

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SMPC income up 93% to P2.3-B in first quarter

Published May 8, 2021, 6:00 AM
The consolidated net income of Consunji-led Semirara Mining and Power Corporation (SMPC) significantly climbed by 93-percent to P2.3 billion within first quarter this year versus P1.2 billion in the same period last year.
On stream of revenues, that also surged by 27-percent for the company to P9.3 billion in the first three months of 2021 as against a leaner P7.3 billion within the same stretch last year.
The coal mining segment of SMPC’s operations, in particular, had posted 16-percent year on year uptrend, with revenues rising to P7.1 billion from a year-ago level of P6.1 billion.
The firm emphasized that its sales volume had been higher by 21-percent within January-March this year to 3.9 million metric tons (MMT) vis-à-vis 3.2 million MT in a parallel quarter last year. ....

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