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Supreme Court Decision On Power Supply Agreement

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Following the Supreme Court`s ruling, all PSA applications filed by the European Union on 30 June 2015 or after the Supreme Court were required to comply with the CSP in accordance with the 2015 DOE circular. Subsequently, the Supreme Court also ordered that the costs of purchasing electricity be retroactive, after compliance with the PSC, to the effective date of the EPI, but under no circumstances before June 30, 2015, in order to pass on the cost of acquisition to consumers. The decision was related to the case: Meralco sought 1,200 megawatts (MW) for power to the existing «Braunfeld» power plant by December 26, 2019 to December 25, 2029. Offers are accepted until September 9. Gatchalian, who chairs the Senate Energy Committee, said the court`s ruling would lead to greater transparency in the agreements. The ERC said on Monday it would take «necessary measures and measures to anticipate and mitigate the possible consequences» of the Supreme Court`s decision. In May 2016, Meralco announced that it had applied for administrative approval for seven EPIs covering 3,551 megawatts (MW) to cover the expected increase in electricity requirements and the number of customers. The company is also preparing for the upcoming expiration of existing PSA from 2019 to 2020. The May 3 decision, written by Assistant Judge Antonio T. Carpio, states that the ERC`s delegated authority is «limited to organizing or organizing a competition in accordance with the 2015 DoE circular.» Meralcos PSA owns two subsidiaries of its Meralco Powergen Corp. (MGen) unit, which builds power plants under Redondo Peninsula Energy, Inc. and Atimonan One Energy, Inc.

It also has a PSA with St Raphael Power Generation Corp., its joint venture with the SMPC led by Consunji. Meralco also aims to authorize PSAs with Central Luzon Premiere Power Corp., Mariveles Power Generation Corp., Panay Energy Development Corp. and Global Luzon Energy Development Corp. «We only have to respect and respect the SC`s decision. The project can now move forward,» energy minister Alfonso G. Cusi said in a mobile phone message to question a position on the court`s decision. It`s a long-term contract. The fuel [cost] is almost not pass-through. It`s a 24/7 supply. It`s something new and there are risks. ABOITIZPOWER READY TO PARTICIPATE Aboitiz Power Corp. has officially expressed interest in participating in the energy supply tender requested by Manila Electric Co.

(Meralco), the country`s largest electricity distributor. Environmental groups welcomed the Supreme Court`s decision and said the verdict will not only result in lower electricity rates, but will also offer cheaper and cleaner alternatives. Meralco is the purchaser of electricity from the following electricity suppliers: Central Luzon Premier Power Corporation, St. Raphael Power Generation Corporation, Mariveles Power Generation Corporation, Global Luzon Energy Development Corporation, Panay Energy Development Corporation (PEDC), Atimonan One Energy Inc. and Redondo Peninsula Energy Inc., also named as participants in the 2016 petition. In launching the petition, the Supreme Court found that the ERC had committed a serious misuse of its assessment by unilaterally deferred the effectiveness of the PSC requirement through various resolutions.

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About The Author
Rodrigo Royo Camblor

Academic Background 2014 | MBA specialized in Human Resources - Universidad Escorial María Crsitina 2018 | Digital Marketing specialized in Real Estate - Crehana and Domestika digital study platforms 2019 - Cinema, Tv and Photographer Director and Producer - Universidad de Deusto, Universidad de Cuyo y Escola des Arts - Currently working for Home Staging, specialized in architecture and street photographer collaborating for ENKI Magazine. Biography summary Grown up in Montevideo, Uruguay in a spanish-italian origin family, moved to Spain in 2006. After living for more than 12 years in different places around Spain, finally settled down in Palma de Mallorca. What I think about Mallorca? Let me show you why I selected Mallorca as one of the best places to invest and live in Spain. I have passion for healthy style of life, enjoying good mediterranean food, weather and of course sea and its magnificent coves. Mixing this with the right high international community within the island lets me find me the perfect style of life I´ve been looking for. Welcome to be part of this paradise of the Balearic Islands. Languages You can communicate with me in english, spanish, portuguese and italian. I can understand basic german, russian & french.