Think tank seeks removal of automatic pass-through fuel cost from power deals [BusinessWorld]
by Beatriz Marie D. Cruz | September 3, 2023| Published by BusinessWorld | READ THE STORY HERE The Government needs to remove pass-through fuel cost clauses in power purchase agreements (PPAs) in order to lower electricity prices, an energy policy think tank said. “The automatic fuel cost pass-through provision is really what causes the high cost of electricity,” Alberto R. Dalusung III, Energy Transition Advisor of the Institute for Climate and Sustainable Cities (ICSC), said in an e-mail. “Amending the EPIRA (Electric Power Industry Reform Act) only (addresses) a small portion of the price burden,” Mr. Dalusung [...]
ICSC welcomes ERC ruling on SMC-Meralco rate hike petition
QUEZON CITY, 4 October 2022 – The Energy Regulatory Commission (ERC) denied yesterday the joint proposal of Meralco and San Miguel Corporation (SMC) of a PHP0.30 per kilowatt-hour (kWh) increase in power rates. In their official ruling, ERC reminded both parties, especially Meralco as a regulated entity, of their obligation to preserve the 2019 power supply agreement (PSA) they have voluntarily entered under the approved terms to protect consumers in its franchise area. The PSA, according to the Commission, “provides no room for price adjustment and only a guaranteed supply of energy to Meralco consumers at a fixed price.” [...]
SONA 2022: ICSC responds to President Marcos, Jr.’s energy roadmap
Reiterates calls for renewable energy push, abolition of pasa-load, reduction of power cost, and increase in power supply QUEZON CITY, 26 July 2022 – Reacting to President Marcos, Jr.’s pronouncements in his first State of the Nation Address citing cheap and reliable energy as a fundamental requirement for economic growth, ICSC Senior Policy Advisor Pete Maniego said: “ICSC agrees that the Philippines should increase the level of energy production to meet its current demand. It should take advantage of the best technology available, especially in the area of renewable energy. “The Philippines has one of the lowest [...]
[ANC] What are ways to lower electricity costs in PH?
by ANC News| May 8, 2022 "Transitioning to renewable energy sources, which are indigenous, will lower the prices and will provide stable prices for our consumers," said ICSC senior policy advisor Atty. Pedro Maniego Jr. Watch the full video by ANC Digital: https://youtu.be/_ddLS_R22II
Power outages still possible during, after May 9 elections
Experts echo initial call to urgently eliminate “pasa load” in electric bills QUEZON CITY, 28 April 2022 – Rotating brownouts are still likely to happen during and after the national elections on May 9, according to the Institute for Climate and Sustainable Cities (ICSC), as forced shutdowns of baseload coal power plants continue to occur less than two weeks before the country chooses its next leaders. “Last January, the Department of Energy (DOE) highlighted that the key to averting the looming blackouts during and after the election period is to strictly follow the approved Grid Operating and [...]