ERC Clears P21.3 Billion in Power Refunds
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LATEST ON POWER⚡ ERC Clears P21.3 Billion in Power Refunds The Energy Regulatory Commission (ERC) said it facilitated P21.3 billion in consumer refunds over the past 10 months amid a push to accelerate regulatory actions and expand relief measures. The refunds cover over- and under-recoveries, regulatory reset adjustments and the actual weighted average tariff refund of Manila Electric Co, the country’s largest power distributor. The announcement coincides with the ERC marking its 25th year in June 2026. Read more here: https://tinyurl.com/3m3rexxv Green Lane Approves P344.62 Billion in Renewable Energy Projects The Department of Energy welcomed a Board of Investments announcement that 13 renewable energy projects worth P344.62 billion secured certification under the government’s Green Lane initiative in the first five months of 2026. The projects represent 99.6 percent of the P346 billion in total Green Lane investments approved during the five-month period, validating the country’s accelerating transition to clean energy. The energy pipeline will create 38,716 direct jobs, which makes up 99.7 percent of the initiative’s 38,818 total jobs target for the period. Read more here: https://tinyurl.com/2yaa28dy Stay informed on the latest happenings and headlines in the Philippine power industry with Mabuhay Energy’s Weekly News Spotlight! Mabuhay Energy, #yourpartnerforgrowth
