Trending Now
Trump’s Afrikaner Refugees: Strange Process, Right Decision
Four Reasons School Choice Is Good, but Federal...
The Tragedy of War
Medicaid Is Driving Deficits: Republicans Are Scarcely Tapping...
Fraud in Federal Programs
Wealth Generation and the Market Economy
PHL utilization rate for EU GSP+ hits record...
Domestic shipping to pick up slack as tariffs...
Maharlika remits P1.4-B dividend to Treasury 
NFA begins shipping subsidized rice to Cebu
  • About Us
  • Contacts
  • Email Whitelisting
  • Privacy Policy
  • Terms and Conditions
DailyProfitTips.com
  • Editor’s Pick
  • Economy
  • Investing
  • Politics
  • World News
EconomyEditor's Pick

ERC approves 19 NGCP power reserve deals

by April 14, 2025
April 14, 2025

THE Energy Regulatory Commission (ERC) said it approved 19 ancillary service procurement agreements (ASPAs) entered into by the National Grid Corp. of the Philippines (NGCP) with prospective suppliers.

In a notice, the ERC said the commission authorized the ASPA applications involving suppliers like Aboitiz group companies Therma Visayas, Inc., Therma Mobile, Inc., GNPower Kauswagan Ltd., Co.; and units of Universal Power Solutions, Inc., controlled by San Miguel Global Power Holdings Corp. (SMGP).

The ERC also approved NGCP’s ASPA with Western Mindanao Power Corp., controlled by Alsons Consolidated Resources, Inc.

Meanwhile, the ERC deferred decisions on 17 ASPAs, including power reserve deals with units of AboitizPower, SMGP, ACEN Corp., and First Gen Corp.

These ASPAs were a result of competitive bidding conducted by NGCP in 2023 for the procurement of ancillary services, subject to the approval of the ERC.

Under the Electric Power Industry Reform Act of 2001, ancillary services are defined as “services that are necessary to support the transmission of capacity and energy from resources to loads while maintaining reliable operation of the transmission system.”

Through the reserve market, the grid operator buys power reserves to meet the reserve requirements of the system.

According to a draft circular, the Department of Energy is looking to allow the system operator to directly negotiate ancillary services procurement without competitive bidding, subject to certain conditions.

“To expedite the procurement of the necessary ancillary services in the grid and to ensure the reliability of the Philippine grid and its sub-grids, it is imperative to enact a supplementary framework to further mobilize the SO (system operator) in the attainment of a sustainable, reliable, and efficient level of ancillary services at a cost that is reasonable and fair to all electric power industry participants and to the electricity consumers,” it said. — Sheldeen Joy Talavera

previous post
Trump tariffs seen pushing BSP to ease
next post
Batangas gas-fired power plant delays flagged

Related Posts

Trump’s Afrikaner Refugees: Strange Process, Right Decision

May 13, 2025

Four Reasons School Choice Is Good, but Federal...

May 13, 2025

Medicaid Is Driving Deficits: Republicans Are Scarcely Tapping...

May 13, 2025

Fraud in Federal Programs

May 13, 2025

PHL utilization rate for EU GSP+ hits record...

May 13, 2025

Domestic shipping to pick up slack as tariffs...

May 13, 2025

Maharlika remits P1.4-B dividend to Treasury 

May 13, 2025

NFA begins shipping subsidized rice to Cebu

May 13, 2025

Tobacco taxes need ‘calibration’ to reverse decline in...

May 13, 2025

Capital gains tax hike expected to make land more...

May 13, 2025
Enter Your Information Below To Receive Free Trading Ideas, Latest News And Articles.

    Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!
    • About Us
    • Contacts
    • Email Whitelisting
    • Privacy Policy
    • Terms and Conditions

    Copyright © 2023 DailyProfitTips.com All Rights Reserved.

    DailyProfitTips.com
    • Editor’s Pick
    • Economy
    • Investing
    • Politics
    • World News