Scatec obtains retroactive tariff on ancillary electric services in the Philippines

Scatec ASA and Aboitiz Power secure approval for an increased tariff on ancillary services, generating more than $21mn in retroactive revenue on the Philippine market.

Share:

Subscribe for unlimited access to all the latest energy sector news.

Over 150 multisector articles and analyses every week.

For less than €3/week*

*For an annual commitment

*Engagement annuel à seulement 99 € (au lieu de 149 €), offre valable jusqu'au 30/07/2025 minuit.

Norwegian group Scatec ASA, through its joint venture SN Aboitiz Power (SNAP) with Aboitiz Power, has received official approval from the Energy Regulatory Commission (ERC) of the Philippines for the tariff awarded to its long-term ancillary electric services contracts. The new fixed tariff reaches 2.25 PHP/kWh, replacing the previous rate…

Norwegian group Scatec ASA, through its joint venture SN Aboitiz Power (SNAP) with Aboitiz Power, has received official approval from the Energy Regulatory Commission (ERC) of the Philippines for the tariff awarded to its long-term ancillary electric services contracts. The new fixed tariff reaches 2.25 PHP/kWh, replacing the previous rate of 1.5 PHP/kWh for the reserve power of the Philippine grid.

Retroactive effect and immediate financial impact
The new tariff comes into effect from July 2025, while applying retroactively to volumes already delivered. The total retroactive amount for Scatec’s share reaches around $21.5mn, a sum that will be recognised in the second quarter of 2025 and settled through staggered payments over the next twelve months.

Scatec had won these ancillary reserve service contracts in early 2023, with an effective start-up in September of the same year. Since then, the group has already been delivering the contractual volumes but was receiving remuneration based on the lower tariff, pending regulatory approval of the new rate.

Network stability and Philippine market regulation
Ancillary electric services are essential to the stability and security of supply of the Philippine grid, ensuring rapid reserve power in the event of an incident. Approval of the new tariff follows review of the volumes delivered and the needs of the grid, formalising the retroactive payment for services rendered since the start of the contract.

This system is part of a regulation aimed at ensuring adequate remuneration for grid balancing providers, while securing service continuity amid growing demand. Staggered payment of the retroactive revenues is expected to align cash flows for the project partners and strengthen the joint venture’s position in the Philippine ancillary electric services market.

T1 Energy secures a wafer supply contract, signs 437 MW in sales, and advances G2_Austin industrial deployment while maintaining EBITDA guidance despite second-quarter losses.
Masdar has allocated the entirety of its 2023–2024 green bond issuances to solar, wind, and storage energy projects, while expanding its financial framework to include green hydrogen and batteries.
Energiekontor launches a €15 million corporate bond at 5.5% over eight years, intended to finance wind and solar projects in Germany, the United Kingdom, France, and Portugal.
The 2025 EY study on 40 groups shows capex driven by mega-deals, oil reserves at 34.7 billion bbl, gas at 182 Tcf, and pre-tax profits declining amid moderate prices.
Australian fuel distributor Ampol reports a 23% drop in net profit, impacted by weak refining margins and operational disruptions, while surpassing market forecasts.
Puerto Rico customers experienced an average of 73 hours of power outages in 2024, a figure strongly influenced by hurricanes, according to the U.S. Energy Information Administration.
CITGO returns to profitability in Q2 2025, supported by maximum utilization of its refining assets and adjusted capital expenditure management.
MARA strengthens its presence in digital infrastructure by acquiring a majority stake in Exaion, a French provider of secure high-performance cloud services backed by EDF Pulse Ventures.
ACEN strengthens its international strategy with over 2,100 MWdc of attributable renewable capacity in India, marking a major step in its expansion beyond the Philippines.
A Dragos report reveals the scale of cyber vulnerabilities in global energy infrastructures. Potential losses reach historic highs.
The US liquefied natural gas producer is extending its filing deadlines with the regulator, citing ongoing talks over additional credit support.
Australian company NRN has closed a $67.2m funding round, combining equity and debt, to develop its distributed energy infrastructure platform and expand its decentralised storage and generation network.
The American manufacturer is seeking a licence from the UK energy regulator to distribute electricity in the United Kingdom, marking its first move into this sector outside Texas.
The US oil and gas producer increased production and cash flow, driven by the Maverick integration and a $2 billion strategic partnership with Carlyle.
Boralex saw its earnings before interest, taxes, depreciation and amortization fall by 13% in the second quarter of 2025, despite a 14% increase in production, due to less favourable prices in France and lower revenues from joint ventures.
The Canadian supplier of chemical solutions for the oil industry generated CAD574 mn ($419.9 mn) in revenue in the second quarter, up 4% year-on-year, and announced a quarterly dividend.
EnBW posted adjusted EBITDA of €2.4 billion in the first half of 2025, supported by its diversified operations, and confirmed its annual targets despite unfavourable weather conditions.
Joule, Caterpillar and Wheeler have signed a partnership to provide four gigawatts of energy to a next-generation data centre campus in Utah, integrating battery storage and advanced cooling solutions.
GFL Environmental announces the recapitalization of Green Infrastructure Partners at an enterprise value of $4.25bn, involving new institutional investors and a major redistribution of capital to its shareholders.
Uniper reaffirms its targets for the year, narrows its forecast range, and strengthens its transformation strategy while launching cost-cutting measures in a demanding market environment.
Consent Preferences