ERC grants Meralco provisional authority to source power from Toledo and Panay Power

Meralco has obtained provisional authority from the ERC on two interim power supply agreements (IPSA) in light of an expected high electricity demand during months when a contracted plant is on maintenance shutdown.  In its order dated June 8, the Energy Regulatory Commission (ERC) said Meralco and the generation companies it had signed agreements with, Toledo Power Co. and Panay Power Corp., had satisfied the requirements for the issuance of the provisional authority.  Meralco has contracted 28 megawatts (MW) from Toledo Power from 10:00 a.m. to 9:00 p.m., Mondays to Saturdays, and 45 MW from Panay Power during the same trading intervals.  Read more here.

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