over the imposition of a P5-million fine for the former’s alleged failure to contract ancillary services, its parent company said Thursday.
The ERC directed NGCP to submit the terms of reference and Instructions to bidders to the Department of Energy in compliance with Sections 7.4 and 7.5 of the AS-CSP Policy within 30 days from the receipt of the decision.“It seems that duplicity is still the name of the game, and we are still dealing with the same economically motivated political maneuvers,” NGCP said.
NGCP said the relentless attacks the company suffered previously and the “fault-finding where there was no fault to be found was a clear indication to us that this, and other contemporaneous moves undertaken by certain players in the industry, were part of a larger, orchestrated plan to put their economic interests above ours, even at the expense of the consumers.”
“We are still hopeful that national economic recovery and energy stability will be prioritized above self-interest,” it said.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Energy Energy Latest News, Energy Energy Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
NGCP to file appeal against penalties slapped by ERC - BusinessMirrorThe National Grid Corporation of the Philippines (NGCP) will appeal the decision of the Energy Regulatory Commission (ERC) to penalize it for non-compliance with the policies on ancillary service issued by the Department of Energy (DOE), according to Synergy Grid and Development Philippines Inc. (SGP). SGP, the indirect controlling shareholder of NGCP, said Thursday it
Source: BusinessMirror - 🏆 19. / 59 Read more »
National Grid Corp to appeal P5.1-M ERC fineNational Grid Corp. of the Philippines, the sole operator of the country’s power grid, intends to appeal the penalty levied by the ERC for alleged violations of the rules on securing reserve power or ancillary services. | jordeenelagare /PDI
Source: inquirerdotnet - 🏆 3. / 86 Read more »
NGCP to appeal ERC’s P5M fineThe National Grid Corp. of the Philippines (NGCP) will be contesting the Energy Regulatory Commission’s (ERC) order for the company to pay a P5.1-million fine for violating the Department of Energy’s (DOE) rules on procuring power reserves.
Source: gmanews - 🏆 11. / 68 Read more »
The state of the Philippine power transmission system - BusinessMirrorConnecting both producers and consumers, the country’s power transmission network serves as the backbone of the electric power industry. It is a complex network of transmission lines, substations, transformers, and related facilities that delivers electricity from the power generators to commercial, industrial, and residential consumers. The Electric Power Industry Reform Act intended to make the
Source: BusinessMirror - 🏆 19. / 59 Read more »
Grid operator to appeal P5.1-million ERC fine - BusinessWorld OnlineTHE National Grid Corp. of the Philippines (NGCP) will appeal a P5.1-million fine imposed by the Energy Regulatory Commission (ERC) over its alleged failure to procure adequate reserve power, the NGCP’s 40.2% shareholder Synergy Grid and Development Philippines, Inc. told the exchange.
Source: bworldph - 🏆 9. / 68 Read more »