Articles worth reading
Marikina City Mayor Marcelino Teodoro / PNA

Marikina buys lot for 1,000 residents

account_balanceMarikina access_time5 days ago

The city government of Marikina on has acquired a three-hectare property in Barangay Tumana to house around 1,000 residents. Mayor Marcelino “Marcy” Teodoro said the city government directly purchased the lot in Barangay Tumana...

EDSA-Cubao heading northbound towards Kamuning / Wikipedia

Solon proposes express bus lane

account_balanceMetro Manila access_time5 days ago

A congressman has proposed an express bus lane along EDSA to solve the traffic congestion. According to the data of the Metropolitan Manila Development Authority (MMDA), the average vehicular volume on EDSA is more than 400,000 every day a...

Pig Farm / Shutterstock

Manila moves to prevent spread of ASF

account_balanceManila access_time5 days ago

The city government of Manila strengthened its monitoring of all markets and ports to prevent the entry of the African Swine Fever (ASF). The Veterinary Inspection Board (VIB) said it is “way ahead” in its campaign against the sprea...

Metro Manila News

Meralco

Meralco power supply deals to bring down power rates

account_balanceMetro Manila chat_bubble_outline0 Comments visibility

Consumers are expected to save around P0.28 per kilowatt (kWh) as the Manila Electric Company (Meralco) executes new power supply agreements with its winning suppliers.

In a statement, the Meralco announced on Monday the three “best bids” it received for the supply of 1,200 megawatts (MW) effective December 26, 2019 for a term of 10 years.

Once the new supply agreements, which can lower generation charges, are implemented, Meralco consumers are expected to save PHP9.46 billion annually for 10 years.

The electric distribution utility company said the “best bids” were those submitted by PHINMA Energy Corporation, San Miguel Energy Corporation, and South Premiere Power Corporation.

PHINMA Energy Corporation offered to supply Meralco 200 MW with an all-in headline rate of PHP4.7450 per kilowatt hour (kWh) and computed all-in levelized cost of electricity (LCOE) of PHP4.8849/kWh; San Miguel Energy Corporation for 330 MW at all-in headline rate of PHP4.6314/kWh and computed all-in LCOE of PHP4.9299/kWh; and South Premiere Power Corporation for 670 MW with an all-in headline rate of PHP4.6314/kWh and computed all-in LCOE of PHP4.9300/kWh.

These bids are much lower than the all-in headline rate, inclusive of value-added tax (VAT), of PHP4.9196/kWh and computed all-in LCOE PHP5.3694/kWh reserve prices pre-determined by Meralco based on recently Energy Regulatory Commission (ERC)-approved contracts and disclosed only upon the opening of bids.

Meralco, in a statement, said the resulting prices from the competitive selection process (CSP) are significantly lower than their average generation cost today of around PHPP5.88 per kWh.

It clarified that the all-in rate already includes line rental and VAT, and the cost of replacement power for all plant outages.

The generator companies will also pay a fine if they are unable to deliver power, which will be used to reduce the generation cost to the consumers.

Pursuant to the instructions to prospective bidders, the “best bids” will now undergo post-qualification.

The Third Party Bids and Awards Committee is expected to issue the respective notices of award in favor of those who satisfactorily passed post-qualification on Tuesday, to be followed by the signing of the power supply agreements with Meralco within the week.

date_rangeDate Published
1 week ago
shareShare article
folder_openArticle tags
content_copyCategorized under

Share your thoughts with us

Related Articles

CLOSED FOR SKYWAY STAGE 3. Shown is the MMDA's traffic management plan for September 21-22, which suggests alternative roads for affected motorists. The MMDA says the closure of the road from the San Juan River to G. Araneta Avenue would give way to the construction of the Skyway Stage 3. / Photo Courtesy MMDA

Sevilla Bridge to be closed for Skyway Stage 3 construction

account_balanceMetro Manila chrome_reader_mode1 day ago

The Metropolitan Manila Development Authority (MMDA) announced the closure of G. Araneta Avenue extension during the weekend and the Sevilla Bridge next week to give way to the construction of the Skyway Stage 3 (SS3). In a document sent by MMD...

Senator Pia Cayetano / Facebook

Senator wants stronger vaccination campaign

account_balanceMetro Manila chrome_reader_mode1 day ago

Senator Pia Cayetano on has called on the Department of Health (DOH) to step up its information drive in convincing parents to get their children vaccinated amid the recent declaration of a polio epidemic in the country. The senator made the ca...

Taguig gov't distributed long socks to youngsters

Taguig sustains anti-dengue campaign

account_balanceTaguig chrome_reader_mode3 days ago

Teaching schoolkids to protect themselves from the dreaded dengue was the next step in Taguig City’s comprehensive work to address the spread of the disease. On September 18, the city government distributed long socks to thousands of youngster...

MRT-3 free rides

MRT-3 offers free rides to govt employees on Sept. 19

account_balanceMetro Manila chrome_reader_mode3 days ago

Metro Rail Transit Line 3 (MRT-3) will offer free rides to government employees on September 19. In its advisory, the MRT-3 announced that the free rides will be free from 7 a.m to 9 a.m and 5 p.m to 7 p.m. The initiative is in celebratio...

Mayor Isko Moreno / Manila PIO

Isko slams malls for allowing sale of stolen items

account_balanceManila chrome_reader_mode6 days ago

Manila Mayor Francisco “Isko Moreno” Domagoso gave two shopping malls a 72-hour ultimatum to stop the sale of stolen mobile phones and other items inside their establishments. Domagoso issued the order Monday morning following ...

Pasay Voyagers / MPBL Facebook

Pasay Voyagers defeat Iloilo United Royals

account_balancePasay chrome_reader_mode1 day ago

The Pasay Voyagers played the role of conquerors as they played the spoiler role against home squad Iloilo United Royals, 56-52, Thursday night in the MPBL Lakan Season at the University of San Agustin Gym in Iloilo City. Iloilo shot a woeful 9-of-2...

Advertisement