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Snap s 24-megawatt magat BESS gets provisional permit to operate from ERC

Snap s 24-megawatt magat BESS gets provisional permit to operate from ERC.....»»

Category: newsSource:  sunstarRelated NewsFeb 4th, 2024

Respect

The claim of the Department of Energy that NGCP refuses to recognize their authority to regulate the grid operator reflects badly on the government’s ability to govern. Unfortunately, it seems that DOE has left it at that and is just hoping ERC will pick up the slack......»»

Category: financeSource:  philstarRelated NewsJan 17th, 2024

Digital times call for digital measures

The Bureau of Internal Revenue has recognized the undeniable rise of digital commerce in the Philippines by promulgating Revenue Regulation16-2023, issued on Dec. 21, 2023, and Revenue Memorandum Circular 08-2024, issued on Jan. 15, 2024, respectively......»»

Category: financeSource:  philstarRelated NewsMar 5th, 2024

Power grid operator NGCP billed P2.4B worth of CSR, PR expenses to consumers

At least 9 percent of what Filipinos pay for electricity goes to transmission charges. This means that for every P100 spent on the electricity bill, P9 goes to the NGCP......»»

Category: newsSource:  inquirerRelated NewsApr 8th, 2024

Lacson hopes NGCP to improve power situation

Lacson hopes NGCP to improve power situation.....»»

Category: newsSource:  sunstarRelated NewsMar 4th, 2024

NGCP told to ‘practice discipline’ to protect consumers

Energy industry regulators are urging utilities, especially monopolies like the NGCP, to charge only reasonable expenses to consumer electric bills.....»»

Category: newsSource:  rapplerRelated NewsFeb 13th, 2024

[Vantage Point] NGCP – what’s wrong with it?

The financials of NGCP's major shareholder, SGP, illustrate the corporation's financial health.....»»

Category: newsSource:  rapplerRelated NewsJan 30th, 2024

DOE should regulate NGCP

The messy situation between the DOE and NGCP is responsible for problems that inconvenience electricity consumers......»»

Category: financeSource:  philstarRelated NewsJan 12th, 2024

Chinese presence at NGCP

The Chinese presence at NGCP can be blamed on former president Gloria Macapagal-Arroyo who allowed it to happen. She was very close to China, trying a pivot to China away from the United States through Chinese supported infrastructure projects......»»

Category: financeSource:  philstarRelated NewsJan 10th, 2024

PNP allows civilians to own semi-automatic, long firearms

PNP allows civilians to own semi-automatic, long firearms.....»»

Category: sportsSource:  abscbnRelated NewsMar 5th, 2024

NEGOCC CONTINUES BAN | Mayor allows entry of pork to Bacolod to address growing demand

NEGOCC CONTINUES BAN | Mayor allows entry of pork to Bacolod to address growing demand.....»»

Category: newsSource:  sunstarRelated NewsFeb 25th, 2024

Correction over collection

Secretary Ralph Recto has reportedly “ordered” the Bureau of Internal Revenue and the Bureau of Customs to work together in order to achieve the revenue collection target of P4 trillion-plus for 2024......»»

Category: newsSource:  philstarRelated NewsJan 26th, 2024

MerryMart hikes 2030 sales target to P150 billion

MerryMart Consumer Corp. of tycoon Edgar “Injap” Sia II is raising its sales revenue target for 2030 by 25 percent as it ramps up its expansion......»»

Category: financeSource:  philstarRelated NewsFeb 24th, 2024

Bill pushing P100 daily wage hike gets Senate nod on 2nd reading

MANILA, Philippines — The Senate on Wednesday approved on second reading a bill pushing for a P100-daily minimum wage hike for private sector workers.  Senate Bill No. 2534 under Committee Report No. 190 was unanimously approved during Wednesday’s plenary session. Senate President Juan Miguel Zubiri said that once the wage hike bill gets the final.....»»

Category: newsSource:  inquirerRelated NewsFeb 15th, 2024

New Delhi raises target for defense exports

India is set to increase production of aircraft engines and gas turbines, aiming to become a major player in the arms tradeThe Indian government has increased its annual target for defense and aerospace production to $36 billion, while raising the export target to $6 billion. Indian Defense Minister Rajnath Singh said the country aims to increase its production of jet engines and gas turbines to.....»»

Category: newsSource:  philippinetimesRelated NewsFeb 27th, 2024

Residential electricity rate up by P0.13 for March – April billing

Visayan Electric residential consumers will experience an increase of P0.13 per kWh in their March – April billing. The hike, which is caused by an increase in the transmission charges imposed by the National Grid Corporation of the Philippines (NGCP), brings the total electricity rate from P11.25 per kWh of the previous month to P11.38.....»»

Category: newsSource:  inquirerRelated NewsMar 15th, 2024

Residential electricity rates up by P0.19/kWh for Jan-Feb billing

Visayan Electric residential consumers will experience an increase of P0.19/kWh for their January-February billing. The hike is caused by the increase in generation rates at the Wholesale Electricity Spot Market (WESM) and the transmission charges of the National Grid Corporation of the Philippines (NGCP). The increase brings the average residential electricity rate from P11.43/kWh last.....»»

Category: newsSource:  inquirerRelated NewsJan 15th, 2024

ERC suspends reserve market settlement

The Energy Regulatory Commission has ordered the Philippine Electricity Market Corp. and the Independent Electricity Market Operator of the Philippines Inc. to suspend settlement amounts in the reserve market......»»

Category: financeSource:  philstarRelated NewsApr 2nd, 2024

ERC OKs limited use of LNG for Meralco, FGEN

The Energy Regulatory Commission has allowed First Gas Power Corp. and FPG Corp. to use liquefied natural gas as an alternative fuel supply source for the Sta. Rita and San Lorenzo gas plants “in the case of the occurrence of a fuel supply force majeure event.”.....»»

Category: financeSource:  philstarRelated NewsMar 30th, 2024

ERC lifts suspension of FIT-All collection

Starting next month, electricity consumers will resume paying the feed-in tariff allowance at a rate of P0.0364 per kilowatt-hour in their electric bills......»»

Category: financeSource:  philstarRelated NewsJan 18th, 2024