The Energy Regulatory Commission plans to reach a decision on the request of Manila Electric Co. to approve power supply agreements with seven generators within three months. Ana vowed to make a ruling within the period, but commissioner Gloria Yap-Taruc said it would be hard to give a timeline. Meralco in April last year signed 3,551 megawatts of supply agreements with seven power generators, accounting for 81 percent of their combined capacity of 4,384 MW. The ERC asked Meralco to comment o the concerns raised by the various groups. It said the power supply agreements aimed to ensure adequate and reliable power supply at the least cost to Meralco’s more than six million customers.

Source: The Standard July 05, 2017 12:56 UTC