Stay informed of the latest happenings and headlines in the Philippine Power Industry with Mabuhay Energy’s Weekly News Spotlight! This week, we're featuring key articles from the Power Industry’s Regulatory sector that are shaping the energy landscape: Spotlight: ERC partially lifts suspension on ‘reserve market settlement’; allows recovery of P1.723B The Energy Regulatory Commission has partially lifted the enforced suspension on cost settlements at the reserve market, hence, allowing the generation companies to recoup P1.723 billion worth of deferred cost recoveries which accrued when they supplied the ancillary services requirements of the power system operator. READ MORE: https://mb.com.ph/2024/5/15/erc-partially-lifts-suspension-on-reserve-market-settlement-allows-recovery-of-p1-723-b NGCP, IEMOP warned of penalties for non-compliance to permitting approvals under EVOSS The Energy Regulatory Commission (ERC) has primarily issued warning on system operator National Grid Corporation of the Philippines (NGCP) and market operator Independent Electricity Market Operator of the Philippines (IEMOP) that they could be meted with penalties if they will not strictly comply with the prescribed timeline of approvals for energy projects under the Energy Virtual One-Stop Shop (EVOSS) system. READ MORE: https://mb.com.ph/2024/5/17/ngcp-iemop-warned-of-penalties-for-non-compliance-to-permitting-approvals-under-evoss Image sources: BusinessWorld Online, Manila Standard Do you want to stay abreast of the headlines in the Philippine Power Industry? Subscribe to our weekly newsletter today! Talk to our energy professionals by sending an email to info@mabuhayenergy.com. Mabuhay Energy, Your Partner For Growth. Our roster of enthusiastic and experienced energy professionals is ready to make your electricity savings a reality! Visit mabuhayenergy.com or email us at sales@mabuhayenergy.com to begin your energy savings journey! 🔌