Power industry players have expressed their support to the energy policy spelled out by President Ferdinand Marcos Jr. in his third State of the National Address Monday as he pushed for energy security, affordable electricity and stronger power grid.
“As we are all working towards ensuring the reliability of the country’s transmission network for a more resilient power industry, we reiterate our call for a more coordinated, resource adequacy based, and holistic approach to energy planning, that considers the three main links to the energy supply chain: supply, bulk transmission, and retail distribution,” it said.
“We have always been supportive of the government and fully cooperate in efforts to review relevant initiatives and policies that are intended for consumer protection and improvement of the energy industry. We will continue to advance programs in coordination with government in order to help us achieve stable, reliable and competitively priced electricity that will benefit electricity end-users and drive the country’s economic growth,” Meralco spokesperson Joe Zaldarriaga said.
Developers of Renewable Energy for AdvanceMent president Jay Layug said the President’s focus on NGCP’s completion of key upgrades such as the Mariveles-Hermosa-San Jose, Cebu-Negros-Panay, Cebu-Bohol and Mindanao-Visayas transmission lines and backbone projects bodes well for the future of the electric power industry and the goal to reduce the cost of power.