Metro Manila (CNN Philippines, December 15) — The Manila Electric Co. (Meralco) entered into an emergency power supply agreement (EPSA) with GNPower Dinginin Ltd. after its contract with a unit of San Miguel Corp. (SMC) was terminated.
In a statement, Meralco said its deal with GNPower covers the supply of 300-megawatt (MW) baseload capacity starting Thursday until Jan. 25, 2023.
Ramon Ang’s South Premiere Power Corporation (SPPC) stopped supplying 670-MW capacity to Meralco after it secured the Court of Appeal’s favorable decision late in November, suspending the Energy Regulatory Commission’s (ERC) order denying the conglomerate’s petition for higher charges.
The temporary restraining order is in effect for 60 days.
READ: CA issues TRO vs. ERC’s denial of SMC power unit’s rate hike plea
The power distributor said executing its deal with GNpower will “lessen Meralco’s exposure to the Wholesale Electricity Spot Market and in turn partly shield its customers from volatile and potentially higher generation costs.”
“Meralco exhausts all measures to continue supplying its customers with sufficient and reliable power, while mitigating the impact of the TRO to its customers,” it added.
