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: 𝐋𝐚𝐰𝐦𝐚𝐤𝐞𝐫 𝐚𝐬𝐤𝐬 𝐄𝐑𝐂 𝐭𝐨 𝐞𝐱𝐩𝐥𝐚𝐢𝐧 𝐎𝐜𝐭𝐨𝐛𝐞𝐫 𝐫𝐚𝐭𝐞 𝐡𝐢𝐤𝐞 Senator Sherwin Gatchalian on Wednesday asked the Energy Regulatory Commission (ERC) to justify its approval of an electricity rate hike starting in October this year. The ERC had earlier granted the Manila Electric Company's (Meralco) application for the power distribution company to adjust the rates of power it generates from natural gas-fired power plants. The rate hike is expected to amount to 32 to 33 centavos per kilowatt-hour (kWh) monthly for 12 months. READ MORE: https://www.pna.gov.ph/articles/1231661 𝐏𝐚𝐬𝐬𝐚𝐠𝐞 𝐨𝐟 𝐧𝐚𝐭𝐮𝐫𝐚𝐥 𝐠𝐚𝐬 𝐛𝐢𝐥𝐥 𝐩𝐮𝐬𝐡𝐞𝐝 𝐛𝐲 𝐒𝐞𝐧𝐚𝐭𝐞 Senator Pia Cayetano sponsored the passage of Senate Bill (SB) 2793, or the proposed Philippine Natural Gas Development Act, which seeks the development of the country's indigenous natural gas. The bill aims to provide a market for indigenous gas by giving priority to its procurement and use for power generation, a policy enshrined in the Electric Power Industry Reform Act (EPIRA) and successive issuances from EPIRA's chief implementing agency, the DOE. READ MORE: https://www.manilatimes.net/2024/08/22/news/national/passage-of-natural-gas-bill-pushed/1965881 Image sources: PNA.gov, Manila Times 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! 🔌