Big business group backs Meralco franchise renewal
MANILA, Philippines — The influential Management Association of the Philippines (MAP) on Thursday voiced strong support for the franchise renewal of Manila Electric Company (Meralco), citing its many contributions to nation-building.
On distribution rates, MAP cited a report from Independent Energy Consultants that existing charges were “reasonable.”
“Notably, when adjusted for inflation, the average electricity rate has even decreased since the implementation of the Epira (Electric Power Industry Reform Act). This focus on efficiency translates to cost savings for consumers,” MAP said in a statement.
Likewise noted was the nearly 100-percent electrification rate in Meralco’s franchise area, as well as a number of its social responsibility programs.
READ: Meralco performance to be reviewed in Senate for franchise bid
“It implements a Lifeline Rate Program offering a discount range of 20 percent to 100 percent for the poorest customers. Additionally, senior citizens receive a 5 percent discount, reflecting Meralco’s recognition of the importance of supporting all segments of society,” MAP said.
Green energy option program
Meralco has supported electric cooperatives and actively championed renewable energy goals, according to MAP.
“Its franchise area boasts of a remarkable 64-percent share of the green energy option program’s total energy consumption,” MAP said, noting the installation of renewable energy systems for over 7,000 customers.
The business group also noted that Meralco was leading the way in customer choice programs under Epira, as proven by its 65 percent participation rate in the retail market.
Further, MAP cited Meralco’s implementation of the country’s largest smart meter program, which provides prepaid electricity service to nearly 100,000 customers.
READ: Meralco pilots ‘smart metering’ system
Similarly, it lauded Meralco’s Peak/Off-Peak program, which allows eligible customers to save during off-peak use of electricity.
Additionally, the MAP said that the firm was catering to the high power requirements of global hyperscalers and willing to adopt cutting-edge solutions like microgrid technology.
Meralco is seen to prioritize operational efficiency and resiliency, meeting or even exceeding standards set by the Energy Regulatory Commission.
Also cited was its success in trimming system loss, having achieved a rate below the mandated cap that ranks among the lowest nationwide.
Cagayan de Oro City 2nd District Rep. Rufus Rodriguez and Albay 2nd District Rep. Joey Salceda have filed bills seeking to renew the franchise for another 25 years ahead of the expiration in 2028.
