Power giants bidding for Meralco’s 200-MW baseload supply dealIn a pre-bid conference yesterday, Meralco named 15 companies that have indicated their intent to supply its baseload renewable energy requirements for a four-year period. In a pre-bid conference yesterday, Meralco named 15 companies that have indicated their intent to supply its baseload renewable energy requirements for a four-year period. The power supply agreement resulting from this competitive selection process (CSP) will help Meralco meet its Renewable Portfolio Standards obligations. Traded in the renewable energy market (REM), RECs are currently capped at P241.56 per megawatt-hour by the Energy Regulatory Commission. The REM is the venue for buying and selling RECs equivalent to an amount of electricity generated from renewable power facilities.

Source: Philippine Star January 15, 2026 18:03 UTC