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The Department of Energy (DOE) has denied the request of the Manila Electric Co. (Meralco) to exempt its power supply agreements (PSAs) with Masinloc Power Partners Co. Ltd. (MPPCL) and Panay Electric Development Corp. (PEDC) from competitive biddings. These PSAs were supposedly meant to address the potential shortage resulting from…
THE Independent Electricity Market Operator of the Philippines (IEMOP) had imposed the secondary price cap last week but clarified that the spike in spot market prices had nothing to do with the shutdown of the Malampaya gas facility starting Saturday. According to IEMOP Chief Operating Officer Robinson Descanzo, the P6.245…