Meralco tells SPPC: Pay added cost of market-priced power - BusinessWorld Online

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MANILA ELECTRIC Co. (Meralco) has asked a unit of SMC Global Power Holdings Corp. to pay the added cost it has been incurring for sourcing power from the spot market when the latter stopped supplying to the electricity distributor.

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Meralco’s claim versus SPPC covers the additional costs it has been incurring during the 60-day TRO imposed on the parties’ power supply agreement that was issued by the Court of Appeals in favor of SPPC. Last week, Meralco said that it had been sourcing power from WESM after SPPC stopped supplying to the company.

Meanwhile, Meralco is rushing to seal a contract for emergency power supply after it secured from the Department of Energy a certificate of exemption from the competitive selection process.

 

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