The Energy Regulatory Commission (ERC) has issued its final approval to nine ancillary service procurement agreements (ASPA) entered into by the National Grid Corporation of the Philippines (NGCP) with various power suppliers. More ASPAs authorized by the regulator mean more power reserves to support the country’s transmission grid.
The Energy Regulatory Commission has issued its final approval to nine ancillary service procurement agreements entered into by the National Grid Corporation of the Philippines with various power suppliers.
After due deliberation, the majority, composed of ERC Chairperson Monalisa Dimalanta and commissioners Catherine Maceda and Floresinda Digal, resolved to grant final authority to the power reserves contracts of NGCP with Giga Ace 4 Inc. , Universal Power Solutions Inc. , UPSI-Lamao BESS, UPSI-Bataan BESS, UPSI-Concepcion BESS, Masinloc Power Partners Co. Ltd., UPSI-Jasaan BESS, Ingrid Power Holdings Inc., Therma Marine Inc. .GA4 is a subsidiary of ACEN Corp. The power arm of Ayala Corp.
For CR that NGCP will be supplied by GA4, UPSI-San Manuel, UPSI-Lamao, UPSI-Concepcion, Masinloc Power, UPSI-Jasaan, and Ingrid Power the approved rates are P1.4373 per kWh, P0.0649 per kWh, P0.0811 per kWh, P1.6767 per kWh, P1.6830 per kWh, P1.4675 per kWh, and P0.4875 per kWh, respectively.When sought for comment, Dimalanta said the details of the commission’s evaluation will be provided in the individual decisions to be issued soon for each contract once drafting is completed.
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