The Energy Regulatory Commission (ERC) has granted interim approval for the 15-year power supply agreement (PSA) between Manila Electric Company (MERALCO) and GNPower Dinginin Ltd. Co. (GNPD), covering 100 megawatts (MW) of capacity, effective August 26, 2025.
In an order dated August 22, 2025 (ERC Case No. 2024-125 RC), the Commission authorized the parties to implement their PSA while awaiting final resolution of their joint application. The agreement was signed in September 2024 following a competitive selection process (CSP), where GNPD was selected as one of the successful bidders.
The ERC said the interim approval took into account compliance with Department of Energy CSP rules and the Commission’s own guidelines, as well as the supply-demand outlook, bid pricing, and other features of the PSA. After reviewing the submissions, the regulator found sufficient merit to allow the deal to move forward.
For the duration of the interim relief, the ERC adopted a base rate of ₱2.3055 per kilowatt-hour (kWh), which is lower than the previously approved PSA rate for the same power plant.
ERC Chairperson and CEO Atty. Francis Saturnino Juan said the move reflects a balance between protecting consumers and ensuring reliable electricity supply. “Granting this interim relief enables vital power supply agreements to proceed, while we continue to exercise due diligence before issuing a final ruling,” Juan said.
Discover more from SolarQuarter
Subscribe to get the latest posts sent to your email.
