The Manila Electric Co. (Meralco) has attracted eight power generation companies interested in supplying the distributor 600 megawatts worth of baseload power it needs by next year.
The price of electricity sold at the Wholesale Electricity Spot Market (WESM) fell in June, according to the Independent Electricity Market Operator of the Philippines (IEMOP).
Six generation companies are interested in supplying the Manila Electric Co. (Meralco) 400 megawatts of mid-merit power that the distributor requires by next year. This was three times more than it plans to acquire.
The San Isidro Solar Power Corp. (SISPC) is seeking Energy Regulatory Commission (ERC) approval to connect to the Visayas grid via the 230 kiloVolt Tabango substation in Leyte.
The number of businesses and households embracing the net metering program has improved tremendously to 13,189 qualified end-users as at end-May this year from only 200 in 2015, the Energy Regulatory Commission (ERC) said on Monday.