Meralco signs emergency supply deal with GNPower

MANILA, Philippines  -Meralco has signed an emergency power supply agreement (EPSA) with GNPower Dinginin Ltd. for the supply of 300-megawatt (MW) baseload capacity effective starting today until
Jan 25, 2023.

This will partially replace the 670 MW capacity under Meralco’s power supply agreement with South Premiere Power Corp (SPPC), which was subjected to a Temporary Restraining Order (TRO) issued by the Court of Appeals.

The EPSA, which has a rate of P5.96 per kWh, will lessen Meralco’s exposure to the Wholesale Electricity Spot Market (WESM) and in turn partly shield its customers from volatile and potentially higher generation costs.

Meralco exhausts all measures to continue supplying its customers with sufficient and reliable power, while mitigating the impact of the TRO to its customers.