House leods louds new deol lo lows powet rosl
THE chairman oI the Lord Allan Velasco, the
House Committee on panel chairman, said the
Energy has welcomed the Competitive Selection
Duterte administrations Process (CSP) recently
and the Manila Electric conducted by Meralco
Company's (Meralco's) awarded Polrier Supply
successful compelitive Agreements (PSA) to
selection process or bid- Phinma Energy Corp.,
ding for the 1,5fi) mega- San Miguel Energy
watts {MW) and anolher Corp. (SMEC) and San
500 MW supply of elec- Pascual Cogeneration
tricity. Co. (Philippines) Ltd.,
Marinduque Rep, "which are very price
competitive and lower
than prevailing genera-
tion charges."
"This is a welcome
development, which is
aligned with the Duterte
adminishation's goal of
bringing down the cost of
electricity and ensuring a
steadv and continued
supplj' of power across
the counhy," said Velas-
co.
Velasco said "the land-
mark Republic Act 11371
known as the 'Muang
Kurymte Act',signed in
August 2019 set the stage
for the milestone step to
make available a reliable-
resilient arld inexoensive
mergy supply to h ipino
consumers. " lection Process, which
"We laud the Depart-
ment ofEnergy (DoE) and
its hea4 Secretary Alfon-
so Cusi, as well as indus-
try players and stakehold-
els for acting swifdy to
boost goverrunent initia-
tives in finding ways to
provide adequate power
supply at lower costs to
the end-users," Velasco
added.
EaiLier, former Alyan-
sa ng rnga Grupong Hali-
gi ng Agham at Teknolo-
hiya para sa Mamamay-
an (Agham) party-list
Rep. Angelo Palmones
said the Duterte adminis-
tratio& though the DoE,
in parbreGhip with Mer-
alco, has been doing good
to ensure a stable power
suPPly.
'We strongly support
and oraise the DoE led bv
Secritary A.tforso Cusi f&
issuing the 2018 DoE Cir-
cular on Competitive Se.
was upheld by the Su-
preme Court. We thank
Secretary Cusi for imme-
diatelv irnolementine the
Supre'me tlourt deci"sion
and for dosely oversee-
ing the Meralco bidding/
competitive s€lection pro-
cess. Ultimately, we be-
lieve that the CSP process
will cut down tlle genera-
tion charge of electricity
rates," said Palmones
who retumed to his fust
love as broadcaster of
dzRH.
AGHAM also hieh-
lighted the efforts of "the
d.istribution u tility, point-
ing out that "than-kinq
Meralco for conducting i of FLst C,€n Hydro Pow-
fair and bansparent bid-
.
ding in accordance with
thd 2018 DoE Circulai,
which resulted in the
award of PSA5 to Phin-
m4 SMEC and SPCC on
basis of genelation charg-
es that were much lower
tlnn currendy prevailing
generation charges hom
gas and coal power gm-
eration companies."
On September9, Mer-
alco inlormed the public
that PHINMA Energy
Corporation,SanMiguel
Energy Corporation and
South Premiere Power
Corporation were de-
clared the best bids for
the 1,200 MW contract
capacity to supply Mer-
alco for a term of 10
years.
On September 11, it
was announced that the
Best Bids for 500 MW of
mid-merit capacity for a
term of 5 vears were those
er, Phinma Eierg;r and
South Prerniere-
. ryil Pqnlttt.lilo:
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