ERC has approved the contract for the supply of electricity (CSE) betweenManilaElectric Company (Meralco) and Pangea Green Energy Philippines, Inc. Further, it has allowed the San Miguel Energy Corporation (SMEC) to implement an interim power supply agreement (PSA) with Cagayan I Electric Cooperative, Inc. (Cagelco I). ERC has reported that the electricity rates proposed within the CSE between Meralco and Pangea are reasonable and will benefit Meralco’s customers. Moreover, the power supply deal between SMEC and Cagelco I will also result in lower electricity costs.
