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! 🔌