The Federal Energy Regulatory Commission (FERC) is an independent agency of the United States government that regulates the interstate transmission and wholesale sale of electricity and natural gas and regulates the prices of interstate transport of petroleum by pipeline. FERC also reviews proposals to build interstate natural gas pipelines, natural gas storage projects, and liquefied natural gas (LNG) terminals, in addition to licensing non-federal hydropower projects.
An electricity market is a system that enables the exchange of electrical energy, through an electrical grid. Historically, electricity has been primarily sold by companies that operate electric generators, and purchased by consumers or electricity retailers.
The Independent Electricity System Operator (IESO) is the Crown corporation responsible for operating the electricity market and directing the operation of the bulk electrical system in the province of Ontario, Canada. It is one of seven independent system operators in North America.
The Manila Electric Company, also known as Meralco, is an electric power distribution company in the Philippines. It is Metro Manila's only electric power distributor and holds the power distribution franchise for 39 cities and 72 municipalities, including the whole of Metro Manila and the exurbs that form Mega Manila.
The National Power Corporation is a Philippine government-owned and controlled corporation that is mandated to provide electricity to all rural areas of the Philippines by 2025, to manage water resources for power generation, and to optimize the use of other power generating assets.
A regional transmission organization (RTO) in the United States is an electric power transmission system operator (TSO) that coordinates, controls, and monitors a multi-state electric grid. The transfer of electricity between states is considered interstate commerce, and electric grids spanning multiple states are therefore regulated by the Federal Energy Regulatory Commission (FERC). The voluntary creation of RTOs was initiated by FERC in December 1999. The purpose of the RTO is to promote economic efficiency, reliability, and non-discriminatory practices while reducing government oversight.
The Department of Energy is the executive department of the Philippine government responsible for preparing, integrating, manipulating, organizing, coordinating, supervising, and controlling all plans, programs, projects and activities of the Government relative to energy exploration, development, utilization, distribution and conservation.
The Victorian Energy Networks Corporation (VENCorp) was a Victorian State Government-owned entity established on 11 December 1997 responsible for the efficient operation of gas and electricity industries in Victoria, Australia, within Victoria's privatised energy industries. It was funded by energy industry participants.
The National Transmission Corporation is a Philippine government-owned and controlled corporation established in June 26, 2001 by the Electric Power Industry Reform Act and a corporate entity wholly owned by the Power Sector Assets and Liabilities Management (PSALM). It is the owner of the country's power grid and its related assets and facilities since March 1, 2003, and also served as operator of the grid from March 2003 until the turnover of the grid's operations, maintenance, management, construction, expansion, and eminent domain to the privately owned National Grid Corporation of the Philippines (NGCP) on January 15, 2009.
ISO New England Inc. (ISO-NE) is an independent, non-profit regional transmission organization (RTO), headquartered in Holyoke, Massachusetts, serving Connecticut, Maine, Massachusetts, New Hampshire, Rhode Island, and Vermont.
Central Negros Electric Cooperative, Inc., simply known as CENECO, was an electric cooperative in the Philippines. It was incorporated on February 24, 1975 and serves Bacolod City and nearby towns and cities in Negros Occidental.
PJM Interconnection LLC (PJM) is a regional transmission organization (RTO) in the United States. It is part of the Eastern Interconnection grid operating an electric transmission system serving all or parts of Delaware, Illinois, Indiana, Kentucky, Maryland, Michigan, New Jersey, North Carolina, Ohio, Pennsylvania, Tennessee, Virginia, West Virginia, and the District of Columbia.
The National Grid Corporation of the Philippines (NGCP) is a privately owned corporation that was established on January 15, 2009, through RA 9511. It is a consortium of three corporations, namely Monte Oro Grid Resources Corporation, Calaca High Power Corporation, and the State Grid Corporation of China.
The Australian Energy Market Operator (AEMO) performs an array of gas and electricity market, operational, development and planning functions. It manages the National Electricity Market (NEM), the Wholesale Electricity Market (WA) (WEM) and the Victorian gas transmission network. AEMO also facilitates electricity and gas full retail contestability, overseeing these retail markets in eastern and southern Australia. It is additionally responsible for national transmission planning for electricity and the establishment of a Short Term Trading Market (STTM) for gas.
The Bangui Wind Farm is a wind farm in Bangui, Ilocos Norte, Philippines. The wind farm uses 20 units of 70-meter (230 ft) high Vestas V82 1.65 MW wind turbines, arranged in a single row stretching along a 9-kilometer (5.6 mi) shoreline of Bangui Bay, facing the South China Sea.
The electricity sector in the Philippines provides electricity through power generation, transmission, and distribution to many parts of the country. The Philippines is divided into three electrical grids, one each for Luzon, the Visayas and Mindanao. As of June 2016, the total installed capacity in the Philippines was 20,055 megawatts (MW), of which 14,348 MW was on the Luzon grid. As of June, 2016, the all-time peak demand on Luzon was 9,726 MW at 2:00 P.M. on May 2, 2016; on Visayas was 1,878 MW at 2:00 P.M. on May 11, 2016; and on Mindanao was 1,593 MW at 1:35 P.M. on June 8, 2016. However, about 12% of Filipinos have no access to electricity. The Philippines is also one of the countries in the world that has a fully functioning electricity market since 2006 called the Philippine Wholesale Electricity Spot Market(WESM) and is operated by an independent market operator.
In 2013, renewable energy provided 26.44% of the total electricity in the Philippines and 19,903 gigawatt-hours (GWh) of electrical energy out of a total demand of 75,266 gigawatt-hours. The Philippines is a net importer of fossil fuels. For the sake of energy security, there is momentum to develop renewable energy sources. The types available include hydropower, geothermal power, wind power, solar power and biomass power. The government of the Philippines has legislated a number of policies in order to increase the use of renewable energy by the country.
The National Electrification Administration is a government-owned and controlled corporation (GOCC) attached to the Department of Energy of the Philippines tasked in the full implementation of the rural electrification program (REP) and reinforce the technical capability and financial viability of the 121 rural electric cooperatives (ECs).
Resource adequacy in the field of electric power is the ability of the electric grid to satisfy the end-user power demand at any time. RA is a component of the electrical grid reliability. For example, sufficient unused generation capacity shall be available to the electrical grid at any time to accommodate major equipment failures and drops in variable renewable energy sources. The adequacy standard should satisfy the chosen reliability index, typically the loss of load expectation (LOLE) of 1 day in 10 years.
The Energy Regulatory Commission (ERC) is an independent, quasi-judicial regulatory body electric power industry regulator in the Philippines. Its function is to regulate and maintain power service in the country. It was established and created on June 8, 2001, following the enactment of Republic Act No. 9136, or the Electric Power Industry Reform Act of 2001 (EPIRA).
