ERC OKs P101-B energy investments in 2024

The Energy Regulatory Commission (ERC) approved the implementation of energy projects worth P101 billion last year, aimed at improving electric service for nearly 200,000 customers nationwide.

- By Brix Lelis

In a recent press briefing, ERC chairperson and CEO Monalisa Dimalanta said the agency issued decisions to 37 capital expenditure (capex) projects filed by the National Grid Corp. of the Philippines (NGCP), distribution utilities (DUs) and electric cooperatives.

Of these projects, Dimalanta noted 13 were from the NGCP, while 20 came from DUs.

Similarly, the commission also promulgated 19 capex projects last year, with 12 filed by the NGCP and three by DUs.

"All in all, these projects amounted to P101 billion in investments required from NGCP and the DUs so that they can benefit more than 185,000 customers in the entire grid," Dimalanta said.