ERC Clears P21.3 Billion in Power Refunds
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๐๐๐๐๐๐ ๐๐ ๐๐๐๐๐โก ๐๐๐ ๐๐ฅ๐๐๐ซ๐ฌ ๐๐๐.๐ ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง ๐ข๐ง ๐๐จ๐ฐ๐๐ซ ๐๐๐๐ฎ๐ง๐๐ฌ 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 countryโs largest power distributor. The announcement coincides with the ERC marking its 25th year in June 2026. Read more here: https://tinyurl.com/3m3rexxv ๐๐ซ๐๐๐ง ๐๐๐ง๐ ๐๐ฉ๐ฉ๐ซ๐จ๐ฏ๐๐ฌ ๐๐๐๐.๐๐ ๐๐ข๐ฅ๐ฅ๐ข๐จ๐ง ๐ข๐ง ๐๐๐ง๐๐ฐ๐๐๐ฅ๐ ๐๐ง๐๐ซ๐ ๐ฒ ๐๐ซ๐จ๐ฃ๐๐๐ญ๐ฌ The Department of Energy welcomed a Board of Investments announcement that 13 renewable energy projects worth P344.62 billion secured certification under the governmentโs 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 countryโs accelerating transition to clean energy. The energy pipeline will create 38,716 direct jobs, which makes up 99.7 percent of the initiativeโs 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 Energyโs Weekly News Spotlight! Mabuhay Energy, #yourpartnerforgrowth
