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: 𝐏𝐨𝐰𝐞𝐫 𝐫𝐞𝐬𝐞𝐫𝐯𝐞 𝐦𝐚𝐫𝐤𝐞𝐭 𝐬𝐞𝐭 𝐭𝐨 𝐫𝐞𝐬𝐮𝐦𝐞 𝐭𝐡𝐢𝐬 𝐦𝐨𝐧𝐭𝐡 The Energy Regulatory Commission (ERC) is looking to resume the commercial operations of the reserve market before the end of this month. Once the commission’s decision is finalized, Dimalanta said the trading of power reserves would be back in action on July 26. In May, the ERC partially lifted the suspension on settlement amounts in the reserve market to allow power generators to recover a portion of the costs for trading transactions during the March billing month. READ MORE: https://www.philstar.com/business/2024/07/04/2367483/power-reserve-market-set-resume-month 𝐄𝐑𝐂 𝐬𝐥𝐚𝐩𝐬 𝐈𝐬𝐚𝐛𝐞𝐥𝐚 𝐞𝐥𝐞𝐜𝐭𝐫𝐢𝐜 𝐜𝐨𝐨𝐩 𝐰𝐢𝐭𝐡 𝐏𝟐.𝟎𝐌 𝐩𝐞𝐧𝐚𝐥𝐭𝐲 The Energy Regulatory Commission (ERC) has slapped Isabela II Electric Cooperative (ISELCO) with P2.0 million penalty due to its failure to validate the generation charges it passed on to its customers and for not complying with required fuel audit process. On the enforced penalty, ISELCO had been ordered to pay within 15 days from the receipt of the ERC decision. READ MORE: https://mb.com.ph/2024/7/5/erc-slaps-isabela-electric-coop-with-p2-0-m-penalty Image sources: Inquirer Business, PhilStar 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 and schedule your free consultation to begin your energy savings journey! 🔌