ERC greenlights Meralco, San Miguel unit power deal | ABS-CBN
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ERC greenlights Meralco, San Miguel unit power deal
ERC greenlights Meralco, San Miguel unit power deal
ABS-CBN News
Published Jun 12, 2024 04:59 PM PHT
MANILA -- The Energy Regulatory Corporation (ERC) has allowed Meralco to get a supply of 910 megawatts (MW) from the 1,200MW Ilijan Natural Gas Plant of San Miguel-subsidiary South Premier Power Corporation.
MANILA -- The Energy Regulatory Corporation (ERC) has allowed Meralco to get a supply of 910 megawatts (MW) from the 1,200MW Ilijan Natural Gas Plant of San Miguel-subsidiary South Premier Power Corporation.
The ERC noted that the deal would protect Meralco's consumers from exposure to volatile prices in the Wholesale Electricity Spot Market (WESM).
The ERC noted that the deal would protect Meralco's consumers from exposure to volatile prices in the Wholesale Electricity Spot Market (WESM).
The ERC said Meralco's blended generation rate could be lower by about P0.2828, subject to adjustments.
The ERC said Meralco's blended generation rate could be lower by about P0.2828, subject to adjustments.
SPPC in January submitted the lowest offer for Meralco's search for a supplier for 1,200 megawatts.
SPPC in January submitted the lowest offer for Meralco's search for a supplier for 1,200 megawatts.
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"SPPC offered a total levelized cost of electricity rate at P7.0718 per kilowatt-hour (kWh) for the entire 1,200-MW requirement," the company said.
"SPPC offered a total levelized cost of electricity rate at P7.0718 per kilowatt-hour (kWh) for the entire 1,200-MW requirement," the company said.
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