Wednesday, October 4, 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
    • Young Life
  • Special Pages
    • Pets
    • Tech
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • On the Road
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Cravings
    • Environment & Sustainability
    • Agriculture
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
    • Gallery
      • Photos
      • Videos
  • 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
    • Young Life
  • Special Pages
    • Pets
    • Tech
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • On the Road
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Cravings
    • Environment & Sustainability
    • Agriculture
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
    • Gallery
      • Photos
      • Videos
  • Advertise with Us
No Result
View All Result
manilastandard.net
No Result
View All Result
Home Business Power & Tech

ERC dismisses PSALM’s bid to collect more stranded costs

Alena Mae S. FloresbyAlena Mae S. Flores
June 25, 2020, 10:05 pm
in Power & Tech
Reading Time: 2 mins read
A A
Share on FacebookShare on TwitterShare on Email

The Energy Regulatory Commission dismissed several petitions filed by Power Sector Assets and Liabilities Management Corp. to collect stranded contract costs and stranded debts under the universal charge billed by state-run National Power Corp. to consumers.

“The ERC’s dismissal of the PSALM’s petitions embodies the intent of the Murang Kuryente Act which is to lower the cost of electricity being charged to end-users. With the dismissal of the subject PSALM petitions, electricity consumers will no longer be charged with an additional P0.2536 per kilowatt-hour which is supposed to be added to their electricity bills had the Murang Kuryente Act not been passed into law,” said ERC chairperson Agnes Devanadera in a statement.

The cases were deemed moot and academic after the enactment and effectivity of the Murang Kuryente Act or Republic Act No. 11371 where no new universal charges for SCC and SD would be collected from all electricity end-users. 

The regulator dismissed eight petitions filed by PSALM from 2007 until 2018 for the true-up adjustment of the NPC’s SD and SCC portions of the universal charge.

The Murang Kuryente Act mandated the use of P208 billion of the Malampaya fund for the payment of the NPC’s SCC and SD which was assumed by PSALM. 

It also provides that PSALM should not file with the ERC any new petition for UC SCC and SD until the allocated P208 billion amount was exhausted and no other allocations were made by Congress.

PSALM is mandated under the Electric Power Industry Act of 2001 to manage the assets and liabilities of NPC.

“Had the ERC been hasty in approving those eight PSALM petitions, consumers may have suffered another rate increase,” Devanadera said.

She assured electricity consumers that the ERC was carefully studying the impact of each and every petition filed that would affect electricity bill.  

“The consuming public is the most vulnerable stakeholder in the electric power industry and we, at the ERC, are duty-bound to protect them from unnecessary and unjustified increase in electricity rates,” Devanadera said.

Tags: Agnes DevanaderaEnergy Regulatory CommissionMurang Kuryente ActNational Power CorpPower Sector Assets and Liabilities Management Corp
ADVERTISEMENT
Alena Mae S. Flores

Alena Mae S. Flores

Related Posts

Aboitiz sees technology speeding up energy transition

byAlena Mae S. Flores
October 3, 2023, 9:10 pm
0
8
Aboitiz sees technology speeding up energy transition

Aboitiz Power Corp. on Tuesday underscored the role of technology to hasten the country’s energy transition plan, an executive said...

Read more

DOE receives 25 new applications for hydro, geothermal, wind projects

byAlena Mae S. Flores
October 3, 2023, 9:05 pm
0
8
DOE releases terms on second round of GEAP

The Department of Energy (DOE) said Tuesday it received 25 applications for 13 of 20 pre-determined areas (PDAs) under the...

Read more

STI helps achieve better life quality—Solidum

byManila Standard Business
October 3, 2023, 8:35 pm
0
8
STI helps achieve better life quality—Solidum

A better quality of life can be achieved through science, technology and innovation (STI), Department of Science and Technology (DOST)...

Read more

DOE, ADB assess 9 ports for offshore wind projects

byAlena Mae S. Flores
October 3, 2023, 8:20 pm
0
8
DOE releases terms on second round of GEAP

The Department of Energy (DOE) is working with the Asian Development Bank (ADB) to assess the nine initially identified ports...

Read more

2 major hydro power plants rising in Apayao

byAlena Mae S. Flores
October 2, 2023, 9:00 pm
0
8
Banaag assumes post as Bright Kindle director

Pan Pacific Renewable Power Phils. Corp. plans to build two hydro power plants with a combined capacity of 400 megawatts...

Read more

Alternergy raising P12b to fund two wind projects

byAlena Mae S. Flores
October 2, 2023, 8:30 pm
0
8
Alternergy eyes P2.18-b public offering in November

Listed Alternergy Holdings Corp. said Monday it tapped three investment banks as lead arrangers for a P12-billion project finance structure...

Read more

Print Edition

View More

Recent Posts

  • ‘Medusa’ leaks PhilHealth data
  • LTFRB OKs 1-peso provisional hike for base fares only starting Oct. 8
  • Gilas averts collapse, nips Iran; faces host China in Asian Games semis
  • DA ready to lift rice price cap on PBBM’s call
  • DOLE: Companies shun K-12 grads, still hiring college-level workers
  • Antipolo pupil dies 2 weeks after ‘slapping’
  • Inflation still Pinoys’ top concern, Pulse Asia survey in Sept. reveals
  • BFAR: Intel funds to aid WPS work

Advertisement

Latest News

Antipolo pupil dies 2 weeks after ‘slapping’

byManila Standard
October 4, 2023, 1:05 am
0
8
Southwoods nails Seniors’ Fil golf crown

A Grade 5 student in Antipolo, Rizal has died, around two weeks after he was allegedly slapped by his teacher,...

Read more

Inflation still Pinoys’ top concern, Pulse Asia survey in Sept. reveals

byJulito G. Rada
October 4, 2023, 1:00 am
0
8
PCG man dies amid rescue try in La Union

Elevated inflation, which has affected consumer demand over the past few months, is still the top concern of Filipinos, according...

Read more

BFAR: Intel funds to aid WPS work

byAFP
October 4, 2023, 12:35 am
0
8
PH resupplies Ayungin anew

THE Bureau of Fisheries and Aquatic Resources (BFAR) on Tuesday welcomed a congressional decision to augment its budget by reallocating...

Read more

Rep. Hagedorn passes away, 77; Solons mourn

byRio N. Araja
October 4, 2023, 12:30 am
0
8
Rep. Hagedorn passes away, 77; Solons mourn

PUERTO PRINCESA CITY, Palawan—Edward S. Hagedorn, Palawan 3rd District congressman and former mayor of Puerto Princesa City, died on Tuesday,...

Read more

Signal No. 2 over Batanes for ‘Jenny’

byRio N. Araja
October 4, 2023, 12:25 am
0
8
‘Jenny’ seen becoming typhoon by Monday

Tropical Cyclone Wind Signal (TCWS) No. 2 is still hoisted over Batanes as Typhoon Jenny moves north northwestward over the...

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
    • Young Life
  • Pets
  • Tech
    • Gadgets
    • Computers
    • Business
    • Tech Plus
  • ON THE ROAD
    • Sedan
    • SUV
    • Truck
    • Bike
    • Accessories
    • Motoring Plus
    • Commuter’s Corner
  • Home & Design
    • Residential
    • Commercial
    • Construction
    • Interior
  • Spotlight
  • Cravings
  • Environment & Sustainability
  • Agriculture
  • Pop.Life
    • Newsmakers
    • Hangouts
    • A-Pop
    • Post Its
    • Performances
    • Malls & Bazaars
    • Hobbies & Collections
  • Events
    • Seminars
    • Exhibits
    • Community
  • Biyahero
    • Travel Features
    • Travel Reels
    • Travel Logs
  • Gallery
    • Photos
    • Videos
  • 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