Stay informed on 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 regulatory sector that are shaping the energy landscape: Spotlight: ERC: EPIRA Amendments Could Bring Down Power Costs President Ferdinand R. Marcos Jr. instructed Congress to review the Electric Power Industry Reform Act (EPIRA) passed in 2001 and amend outdated policies to align with current industry needs. Energy Regulatory Commission (ERC) Chairperson and CEO Monalisa Dimalanta emphasized the importance of restructuring the ERC itself, saying its current setup no longer matches the demands of the evolving power sector. Dimalanta added that the current structure of the commission needs to catch up with the speedy developments in the energy sector, as it is not capable of handling numerous stakeholders. READ MORE: https://www.philstar.com/business/2024/12/02/2404314/erc-epira-amendments-could-bring-down-power-costs DOE Postpones Third Green Energy Auction to 2025 The Department of Energy (DOE) has rescheduled the third round of the Green Energy Auction (GEA-3) to January 2025, citing the need for a finalized pricing mechanism to guide the bidding process. The DOE initially planned to hold the auction before the end of 2024 but opted to delay it to ensure clarity in pricing parameters for various renewable energy technologies. READ MORE: https://dailyguardian.com.ph/doe-postpones-third-green-energy-auction-to-2025/ Image Sources: PhilStar, Malaya Business Insight Want to stay updated on the headlines in the Philippine power industry? Subscribe to our weekly newsletter today! Connect with our energy professionals by emailing us at info@mabuhayenergy.com. Mabuhay Energy, #YourPartnerForGrowth