DOE hastens power supply competitive biddings In compliance to SC ruling 0 SHARES Share it! Share TweetBy Myrna M. VelascoTo comply with a recent verdict of the Supreme Court (SC), the Department of Energy (DOE) is finding ways how it can fast-track the conduct of competitive selection process (CSP) or bidding on the power supply contracting of distribution utilities (DUs) so brownouts can be prevented. The high court ruling has effectively invalidated 90 PSAs or power supply deals – both covering capacity off-takes (buyers) from power facilities that are already operating and those that have yet to be built. The SC further noted that all the 90 PSAs affected by the ruling “must undergo CSP” in accordance with the Circular issued by the energy department last year. Essentially, the nullified PSAs not just covered the Meralco contracts, but for array of other private power utilities and electric cooperatives servicing consumers all over the country.

Source: Manila Bulletin May 20, 2019 14:03 UTC