ERC grants interim relief for Meralco-GNPower supply deal

The Energy Regulatory Commission (ERC) has granted interim relief for the 15-year power supply deal of Manila Electric Company (Meralco) and GNPower Dinginin Ltd. Co. (GNPD), covering 100 megawatts starting Tuesday, August 26, 2025.

In its order dated August 22, the ERC authorized the parties to push through with their implementation of their power supply agreement (PSA) which was executed in September 2024 following the competitive selection process.

The interim relief adopts a proposed total base fee of P2.3055 per kilowatt-hour (kWh), lower than the previously approved PSA rate for the same power plant.

“Based on its assessment of the evidence submitted by the parties in relation to these parameters, the Commission found merit in allowing the parties to implement their PSA pending the issuance of the final decision in the case,” the ERC said in a statement.

In its decision, the ERC considered compliance with the Department of Energy’s (DOE) Competitive Selection Process (CSP) rules and guidelines, the supply-demand scenario, the PSA’s salient features, bid price, and the PSA rate.

“Granting this interim relief enables vital power supply agreements to proceed, while we continue to exercise due diligence before issuing a final ruling,” ERC chairperson and chief executive officer Atty. Francis Saturnino Juan said. —KG, GMA Integrated News