Supreme Court Power Supply Agreement

The Supreme Court said that the AUTHORITY OF THE REB was limited to the implementation of the CPMP and that the REB had no power and no power to defer the CPMP`s request. The Supreme Court has stated that all PSA applications submitted to the Energy Regulatory Commission on or after June 30, 2015 must comply with the requirements of the competitive competition. With regard to the issue of the competitive selection process (“CSP”) concerning electricity generation, the Supreme Court decided, at its extraordinary En Banc meeting on 3 May 2019, that all electricity supply agreements (PSAs) filed by Distribution Utilities (“DU”) with the Energy Regulatory Commission (“ERC”) on 30 June 2015 or after 30 June 2015 should be subject to a CSP. In November 2016, the Tribunal responded to the petition of the consumer group Alyansa Para sa Bagong Pilipinas, Inc., to repeal erc resolutions to effectively postpone the CSP requirement for PPE and to terminate the approval of PPE by Manila Electric Co. (Meralco), for non-compliance with the CSP requirement. Gatchalian, who chairs the Senate`s energy committee, said the court`s ruling would lead to greater transparency in the agreements. Environmental groups welcomed the Supreme Court`s decision and said the ruling will not only lead to lower electricity rates, but will also offer cheaper and cleaner alternatives. The Supreme Court of Justice (SC) has ordered all electricity supply agreements (PSAs) submitted by distribution system undertakings (DEs) to the Energy Regulatory Commission (ERC) on 30 June 2015 to go through a competitive selection procedure (CSP). They sealed the partnership at a signing ceremony with Conrad Manila in Pasay City on August 7, with SM Prime having entered into a power supply (EE) contract with AboitizPower for an initial 50-110 MW for three years. Semirara Mining and Power Corp.

(SMPC) Chairman and Chief Executive Officer Isidro A. Consunji said his company would abide by any decision made by the court. In a July 23 resolution, the SC rejected “definitively” the erc`s and Panay Energy Development Corporation`s request for reconsideration of the Supreme Court`s initial May 3 decision in the case. The Supreme Court found that 90 PPE had been submitted for REB approval from 16 to 29 April 2016 and added that several of the PPE had a duration of more than 20 years. Bayan Muna partilist and Makabayan Block President and Senate candidate Neri J. Colmenares and MP Carlos Isagani T. Zarate, who last month launched a petition to intervene on the ABP petition, welcomed the court`s decision. “This is a very positive development, as it has saved consumers an additional burden that we would have to bear for 20 years,” said Colmenares, who is also legal counsel to ABP. “We believe that some ERC officials have leaned backwards several times to deal with these Meralco electricity activities.

The ERC should now scrap these Sweetheart agreements and require Meralco to be tendered for its electricity supply. AboitizPower has a portfolio of renewable and thermal power plants throughout the country. It currently has a net tradable capacity of 4,471 MW. . . .