Articles worth reading

2 Manila churches agree to administer weddings disrupted by Taal eruption

account_balanceManila access_time4 days ago

Two Catholic churches in Manila agreed to assist couples whose wedding schedules were affected by the eruption of Taal Volcano. Fr. Reginald Malicdem, rector of the Minor Basilica of the Immaculate Conception popularly known as Manila Cathedral, sai...

Tail of Philippine Airlines

PAL slams  bogus promotional campaign

account_balanceMetro Manila access_time4 days ago

Flag carrier Philippine Airlines (PAL) warned the public against a fake advertisement circulating online, which asks people to answer questions for a chance to win tickets. PAL spokesperson Cielo Villaluna said the fake ad was identified b...

Payatas

Courts asks QC gov’t to pay families of Payatas victims

account_balanceQuezon City access_time5 days ago

The Quezon City Regional Trial Court (RTC) ordered the city government to pay more than P6 million to families of the victims of Payatas dumpsite collapse in July 2000. In a 133-page decision dated Oct. 30, 2019 and released on January 15, 2020...

Metro Manila News

Meralco

Meralco power supply deals to bring down power rates

account_balanceMetro Manila chat_bubble_outline0 Comments

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
4 months ago
shareShare article
folder_openArticle tags
content_copyCategorized under

Share your thoughts with us

Related Articles

A lay minister blesses images of the Child Jesus carried by devotees on Sunday, Jan. 19, 2020 in Tondo, Manila during the Sto. Ni%uFFFDo de Tondo festival / GMA (Danny Pata)

Tondo residents celebrate Sto. Niño feast

account_balanceManila chrome_reader_mode20 hours ago

Residents of Tondo filled the streets on Sunday to celebrate a festival for their beloved Sto. Niño. Early in the morning, devotees trooped to the church bearing the images of the Child Jesus to have them blessed. Children then took par...

San Agustin Church in Manila City / Airpaz Blog

Manila churches raising money for Taal victims

account_balanceManila chrome_reader_mode5 days ago

Catholic churches under the Archdiocese of Manila are holding a second collection drive during the masses for the victims of Taal Volcano's eruption. “In solidarity with our bringers and sisters who are affected by the eruption o...

Taal volcano

Phivolcs warns that explosive eruption still possible

account_balanceMetro Manila chrome_reader_mode6 hours ago

The Philippine Institute of Volcanology and Seismology (Phivolcs) warned on Monday that an explosive eruption remains possible as magma continues to rise inside the Taal volcano. Phivolcs chief Renato Solidum said the series of earthquakes in Batang...

Manila water tankers sent to evacuees affected by the eruption of Taal Volcano / Manila Water

Manila Water provides assistance to evacuees 

account_balanceMetro Manila chrome_reader_mode1 week ago

Manila Water has made available 30 water tankers to provide for the needs of evacuees affected by the eruption of Taal Volcano, in various sites in Southern Luzon. Through the efforts of its subsidiary, Laguna Water, these tankers will be deployed i...

Photo of Manila Bay seawall along Roxas Boulevard after a massive clean-up drive as ordered by President Rodrigo Duterte in January last year / PNA

Duterte not keen on Manila Bay reclamation 

account_balanceManila chrome_reader_mode6 days ago

President Rodrigo Duterte expressed qualms over the proposed reclamation projects in Manila Bay because of its possible adverse impact on the environment. Duterte, in an exclusive interview with ABS-CBN, said the idea of reclaiming 10,000 hectares i...

MMDA

MMDA to install water purifiers in Batangas

account_balanceMetro Manila chrome_reader_mode1 week ago

The Metropolitan Manila Development Authority (MMDA) said it will set up two portable water purifiers in Sto. Tomas, Batangas. In a press briefing held at the MMDA headquarters, Michael Salalima, head of the MMDA Public Safety Office and Disast...

Advertisement