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: 𝐅𝐮𝐥𝐥 𝐂𝐨𝐦𝐦𝐞𝐫𝐜𝐢𝐚𝐥 𝐎𝐩𝐞𝐫𝐚𝐭𝐢𝐨𝐧𝐬 𝐨𝐟 𝐑𝐄 𝐌𝐚𝐫𝐤𝐞𝐭 𝐓𝐚𝐫𝐠𝐞𝐭𝐞𝐝 𝐟𝐨𝐫 𝐃𝐞𝐜𝐞𝐦𝐛𝐞𝐫 𝟐𝟔 The Department of Energy (DOE) announced that the Renewable Energy Market (REM) will begin full commercial operations on December 26. The REM includes mandatory and voluntary trading participants and generators. Established under Republic Act No. 9513 (Renewable Energy Act of 2008), the REM facilitates the trading of Renewable Energy Certificates (RECs), each representing 1 MWh of renewable energy, in compliance with the Renewable Portfolio Standards (RPS) Rules. READ MORE: https://www.bworldonline.com/economy/2024/12/10/640709/full-commercial-operations-of-re-market-targeted-for-dec-26/#google_vignette 𝐄𝐑𝐂 𝐀𝐩𝐩𝐫𝐨𝐯𝐞𝐬 𝐏𝟐.𝟔 𝐁𝐢𝐥𝐥𝐢𝐨𝐧 𝐂𝐚𝐩𝐚𝐬 𝐒𝐮𝐛𝐬𝐭𝐚𝐭𝐢𝐨𝐧 𝐏𝐫𝐨𝐣𝐞𝐜𝐭 The Energy Regulatory Commission (ERC) has approved the National Grid Corporation of the Philippines’ (NGCP) P2.585 Billion Capas 230 kV substation project to connect New Clark City (NCC) to the grid. The project addresses anticipated load growth in Capas, benefiting NCC’s distribution utility, Shin Clark Power Corp., Tarlac Electric Cooperatives I and II (TARELCO I & II), and Tarlac Electric Inc. (TEI). READ MORE: https://mb.com.ph/2024/12/10/erc-approves-p2-6-billion-capas-substation-project Image Sources: BusinessWorld, PhilStar 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 #MECORegulatoryNews #PoweIndustryHighlights #RetailElectricitySupplier