ERC asked to scrutinize terms of Meralco auction

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The story "ERC asked to scrutinize terms of Meralco auction" was covered 16 hours ago by Business Mirror, a news publisher based in Philippines.

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ERC asked to scrutinize terms of Meralco auction - Business Mirror

Quick Summary:

The Energy Regulatory Commission (ERC) was urged on Sunday to temporarily halt the Manila Electric Co.’s (Meralco) auction for an additional 600 megawatts (MW) of power, with a lawmaker calling the competitive election process (CSP) "discriminatory.

He said the CSP, as mandated by the government, ensures that only power suppliers offering the least cost are contracted.

He specifically cited a portion of the CSP that limits the age of the power plant to not “more than 10 years old” to be eligible to join the auction.