Two companies under the San Miguel group submitted the lowest bids during the competitive selection process (CSP) held by Manila Electric Co. (Meralco) for the supply of 1,800 megawatts (MW) of power in the next two decades starting 2024.
This comes as a network of civil society organizations, Power for People Coalition, has asked the Supreme Court to file a temporary restraining order against the distribution utility’s CSP.
In a press release Friday, Meralco said that the two “best” bids came from Excellent Energy Resources, Inc. (EERI) and Masinloc Power Partners Co. Ltd (MPPCL) which both offered a low levelized cost of electricity (LCOE). The two firms are subsidiaries of SMC Global Power Holdings Corp.
Meralco power rates to decline in February bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.
February 8, 2021 | 12:03 am Advertisement
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A MAN seen at fruit stand just beside electric wires at Kapalaran St. in Brgy. Commonwealth in Quezon City last February 5. â PHILIPPINE STAR/MICHAEL VARCAS
DISTRIBUTION utilities (DUs) must implement a âno-disconnection policyâ for poor electricity consumers whose unpaid obligations must be settled by March this year, the Department of Energy said in an advisory posted on its website on Saturday.
âAll DUs are hereby directed to implement a no-disconnection policy due to non-payment of bills falling due by March 2021 for all electricity consumers whose consumption level are within the lifeline rate set by the Energy Regulatory Commission (ERC) for the DUs franchise area,â the department said.
Meralco to increase power rates in January bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.
ERC orders Meralco to refund P1 4 billion in excess charges bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.