Saturday, January 28, 2023
manilastandard.net
ADVERTISEMENT
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Others
    • Pets
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Technology
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • MS ON THE ROAD
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Gallery
      • Photos
      • Videos
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
  • Advertise with Us
No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Others
    • Pets
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Technology
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • MS ON THE ROAD
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Gallery
      • Photos
      • Videos
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
  • Advertise with Us
No Result
View All Result
manilastandard.net
No Result
View All Result
Home Business

ERC offers solutions to help Batangas power consumers

Alena Mae S. FloresbyAlena Mae S. Flores
October 28, 2022, 7:21 pm
in Business, Power & Tech
Reading Time: 2 mins read
A A
Share on FacebookShare on TwitterShare on Email

The Energy Regulatory Commission on Friday proposed several solutions to help Batangas I Electric Cooperative, Inc. and its customers cope with rising electricity prices.

The regulator said these measures which were discussed for further evaluation in a recent forum included the suspension of collection of value added tax on coal; suspension of universal charges and the feed-in-tariff allowance charges, which were temporarily suspended during the initial period of COVID 19 pandemic; and suspension of collection of reinvestment fund for capital expenditures for six months or such period as may be necessary, until the cost of generation stabilized.

Batelec I organized the forum on Oct. 21 upon the initiative of local government units to facilitate the discussion on recent electricity rate increases in its franchise area.

“The power forum was a dynamic session among key stakeholders in the Batelec I franchise area. It allowed for, among others, possible immediate relief to consumers,” ERC chairperson and chief executive Monalisa Dimalanta said.

Dimalanta said Batelec I agreed to work with suppliers—GN Power Dinginin Ltd. Co. and Masinloc Power Partners Co. Ltd.—to nominate lower capacity for the coal plants with pass-through fuel arrangements, so that  it could source from the Wholesale Electricity Spot Market at certain hours “to allow for a lower blended generation rate.”

ADVERTISEMENT

Generation cost constituted almost 65 percent of Batelec I’s electricity bill for the September billing period.

Batelec I attributed the increase in power rate to the significant rise in generation cost, driven by higher prices of coal in the world market and the weakening of the peso against the US dollar.

Batelec I distributes electricity to the municipalities of Agoncillo, Balayan, Calaca, Calatagan, Lemery, Lian, San Nicolas, San Luis, Santa Teresita, Taal and Tuy.

Tags: Batangas I Electric Cooperativeelectricity pricesEnergy Regulatory CommissionERC
ADVERTISEMENT
Alena Mae S. Flores

Alena Mae S. Flores

Related Posts

BSP ready to further tweak policy to contain inflation

byJulito G. Rada
January 27, 2023, 9:20 pm
0
8
Remittances increased 5.3% to $25.929b in first 10 months

The Bangko Sentral ng Pilipinas reaffirmed its readiness to tweak its monetary policy stance to rein in inflation in the...

Read more

Megawide bags 3 contracts from PHirst Park Homes

byJenniffer B. Austria
January 27, 2023, 9:15 pm
0
8
Megawide raises P4B after offering preferred shares

Infrastructure and engineering firm Megawide Construction Corp. said Friday it bagged three supply and build contracts with affordable residential developer...

Read more

SMC Global eyes ‘legal remedies’ after CA junked supply deal TRO

byAlena Mae S. Flores
January 27, 2023, 9:10 pm
0
8
SMC Global to finish 690-MW battery storage plant

SMC Global Power Holdings Corp. said Friday it would pursue “all available legal remedies” following the Commission on Appeal’s denial...

Read more

Pag-IBIG financed 18,657 socialized homes for low-wage earners in 2022

byManila Standard
January 27, 2023, 9:05 pm
0
8
Pag-IBIG Fund releases record P44b in home  loans in H1 ‘21

Pag-IBIG Fund financed 18,657 homes for low-income and minimum-wage earners in 2022, top executives said Friday. Socialized homes represented 18...

Read more

ADB approves $500-m loan to help improve PH agriculture sector

byJulito G. Rada
January 27, 2023, 9:00 pm
0
8
ADB okays $175-m loan for three bridges

The Asian Development Bank said Friday it approved a $500-million (about P27 billion) policy-based loan to help the Philippine government...

Read more

Fitch Solutions sees PH growing 5.9% in 2023

byJulito G. Rada
January 27, 2023, 8:55 pm
0
8
Fitch sees peso-dollar rate falling to 51.80:$1

Fitch Solutions, a unit of Fitch Group, maintained on Friday a 5.9-percent growth forecast for the Philippine economy this year,...

Read more

Print Edition

View More

Recent Posts

  • Sneakers for Makati : AB4.0
  • ICC reopens drug war probe
  • High Tribunal upholds TRAIN law, affirms its constitutionality
  • SC rules as illegal banning losing bets in previous poll as party-list nominees
  • PBBM meets Senate, House heads to push legislative plan
  • 3rd straight week of fuel price hike up
  • Marcos accepts Macron invite for state visit to France
  • DepEd taps PNP for school security

Advertisement

Latest News

3rd straight week of fuel price hike up

byAlena Mae S. Flores
January 28, 2023, 1:20 am
0
8
Price cuts on kerosene, diesel, but gas unchanged

Domestic fuel pump prices are likely to go up by around P1.50 to P1.60 per liter for gasoline and kerosene...

Read more

Marcos accepts Macron invite for state visit to France

byVince Lopez
January 28, 2023, 1:00 am
0
8
Imported onions in, but price still high

President Ferdinand Marcos Jr. accepted Friday the invitation of his French counterpart, President Emmanuel Macron, for a state visit to...

Read more

DepEd taps PNP for school security

byRio N. Araja
January 28, 2023, 12:50 am
0
8
PH school head remembers Abe via Japan award

The Department of Education (DepEd) on Friday said it will coordinate with the Philippine National Police (PNP) on security measures...

Read more

Coast guardians

byManila Standard
January 28, 2023, 12:41 am
0
8
Job hunting

President Ferdinand R. Marcos Jr. underscored the vital role of the Philippine Coast Guard (PCG) in maintaining the safety and...

Read more

Comelec junks Pimentel plea on PDP-Laban

byVito Barceloand1 others
January 28, 2023, 12:40 am
0
8
Comelec junks nuisance case vs. Marcos Jr.

The Commission on Elections en banc has denied the motion for reconsideration filed by Senator Aquilino “Koko” Pimentel III and...

Read more

Advertisement

ADVERTISEMENT
Facebook Twitter Instagram Youtube

ABOUT US

Manila Standard

Manila Standard website (manilastandard.net), launched in August 2002, extends the newspaper’s reach beyond its traditional readers and makes its brand of Philippine news and opinion available to a much wider and geographically diverse readership here and overseas.

Digital Edition

In tone and content, the online edition mirrors the editorial thrust of the newspaper. While hewing to the traditional precepts of fairness and objectivity, MS believes the news of the day need not be staid, overly long or dry. Stories are succinct, readable and written in a lively style that has become a hallmark of the newspaper.

Download – Today’s Paper

Search

No Result
View All Result

6th Floor Universal Re Bldg., 106 Paseo De Roxas cor. Perea Street, Legaspi Village, 1226 Makati City Philippines

Trunklines: 832-5554, 832-5556, 832-5558

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Pop.Life
    • Newsmakers
    • Hangouts
    • A-Pop
    • Post Its
    • Performances
    • Malls & Bazaars
    • Hobbies & Collections
  • Technology
    • Gadgets
    • Computers
    • Business
    • Tech Plus
  • MS ON THE ROAD
    • Sedan
    • SUV
    • Truck
    • Bike
    • Accessories
    • Motoring Plus
    • Commuter’s Corner
  • Home & Design
    • Residential
    • Commercial
    • Construction
    • Interior
  • Spotlight
  • Gallery
    • Photos
    • Videos
  • Events
    • Seminars
    • Exhibits
    • Community
  • Biyahero
    • Travel Features
    • Travel Reels
    • Travel Logs
  • Pets
  • Advertise with Us

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Install Manila Standard Web App

Install App