Meralco to tap spot market for 260-MW peaking supply

Power retailer Manila Electric Co. plans to source its 260-megawatt peaking capacity requirement from the Wholesale Electricity Spot Market, where prices are more volatile due to lack of available capacity offered from generation firms.

Valles said Meralco did not receive any other offer from other power suppliers since then. The company needs the 260-MW peaking supply until July.“The 260 MW, if we were able to get that, then that should have adequately covered our requirements except for the sudden increase in the demand given the severe weather conditions that’s happening,” he said.

Valles said Meralco also foresees the need to procure additional supply of up to 100 MW to cover its peaking requirements for a period of six months.

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