TODAY'S EDITORIAL: ERC needs to expedite price cap decision
The announcement was welcomed by the electricity sector, because even though it is recognized that steps to keep consumer electricity prices from skyrocketing are beneficial and probably necessary, the secondary price cap might create more problems than it solves.
There are two reasons for this; first and most directly, operators of plants with high costs might be caught out and actually operate at a loss during those times when the price cap is triggered, because the implementation of the cap lags the actual production and trade of the electricity.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
ERC urges rationalization of secondary price capsTHE Energy Regulatory Commission (ERC) is recommending to President Ferdinand Marcos Jr.
Read more »
Energy chief: We should be more open to nuclear energyThe Philippines needs to diversify its sources of energy, including tapping nuclear power and reviving talks on oil and gas exploration with China, the country’s energy chief said on Monday.
Read more »
WESM price cap review beginsThe Energy Regulatory Commission has begun its review of the secondary price cap at the spot electricity market, citing the need for “balancing act” to attract more investors while protecting consumers. | MegINQ /PDI
Read more »
Pampanga power firm fined, ordered to return P654M to customersThe Energy Regulatory Commission has imposed a P21.6-million penalty on a local power distribution company, which was also ordered to immediately refund the “unauthorized” charges it imposed on its customers from 2013 to 2022. /PDI
Read more »
ERC starts review of secondary price cap | Lenie LecturaThe Energy Regulatory Commission (ERC) has commenced the review of the secondary price cap (SPC), a mechanism that puts a ceiling on traded power whenever prices shoot up in the Wholesale Electricity Spot Market (WESM). While the secondary price cap is being implemented to protect consumers from higher WESM prices,…
Read more »
ERC orders Pampanga power firm SFELAPCO to pay consumers P665-M refundThe decision follows a February 2023 generation rate hike that San Fernando City Mayor Vilma Valuag says burdens consumers.
Read more »