Energy Regulatory Commission

Also known as ERC

The Energy Regulatory Commission (ERC) in the Philippines regulates electricity rates and power contracts to ensure grid reliability and fair pricing for consumers. Recently, the ERC approved a P28 billion rate hike and ceiling prices for renewable energy auctions while delaying decisions on some ancillary service procurement agreements. The commission aims to integrate more renewable energy into the national grid and combat predatory pricing in the electric power industry.

This is an AI-generated summary based on recent coverage.
Last updated at April 25, 2025.

Recent stories about ERC

President signs law extending PSALM's life by 10 years

President Ferdinand R. Marcos Jr. signed Republic Act 12179 into law on April 18, extending the corporate life of Power Sector Assets and Liabilities Management (PSALM) Corporation by another ten years.
Read full story

ERC approves P28B rate hike, increases transmission charges by P0.10 per kWh

Electricity consumers in the Philippines will face higher bills after the Energy Regulatory Commission (ERC) completed the fourth regulatory period rate reset for National Grid Corporation of the Philippines (NGCP), allowing the grid operator to recover nearly P30 billion in under-recoveries.
Read full story

President signs 25-year Meralco franchise extension

President Ferdinand Marcos Jr. signed into law a 25-year extension for the Manila Electric Company (Meralco)'s franchise on Friday, April 11.
Read full story

Philippine households face 11.51% rise in electricity bills due to higher transmission charges

Households in the Philippines will see an increase in their electricity bills this month due to higher transmission charges announced by the National Grid Corporation of the Philippines (NGCP).
Read full story

SEC, ERC launch SEC POWERS for power firms' capital raising

The Securities and Exchange Commission (SEC) and the Energy Regulatory Commission (ERC) have launched SEC POWERS, an initiative aimed at simplifying capital raising for power generation and distribution companies.
Read full story

Meralco raises rates, adds PHP145 for 200 kWh homes

Manila Electric Company (Meralco) announced a PHP0.7226 per kilowatt hour (kWh) increase in electricity rates, raising the charge to PHP13.0127 per kWh for April.
Read full story

BPI switches 70 Manila branches to ACEN鈥檚 renewable energy via RAP

The Energy Regulatory Commission announced a partnership between ACEN Corp., led by Ayala, and Bank of the Philippine Islands (BPI) for BPI to switch its facilities to the retail aggregation program (RAP).
Read full story

SC upholds DoE, ERC, NREB authority on RE fixed tariff system

The Supreme Court (SC) upheld the authority of the Department of Energy (DoE), the Energy Regulatory Commission (ERC), and the National Renewable Energy Board (NREB) to implement the fixed tariff system for renewable energy (RE).
Read full story

ERC speeds up PSA approvals for ECs ahead of summer

The Energy Regulatory Commission (ERC) is accelerating approvals of power supply agreements (PSAs) to protect electric cooperatives from fluctuations in the Wholesale Electricity Spot Market (WESM) ahead of summer.
Read full story

ERC approves Meralco's purchase of 290 MW from SPPC

The Energy Regulatory Commission (ERC) has approved Manila Electric Co.'s (Meralco) purchase of the remaining 290 megawatts under its 1,200-megawatt power supply contract with San Miguel Group's South Premiere Power Corp. (SPPC).
Read full story