Vision
PCCI is the voice of Philippine business recognized by government and international institutions. As a proactive catalyst of development, PCCI promotes and supports the drive for globally competitive Philippine enterprises in partnership with government, local chambers, and other business organizations.
Mission
The main responsibility of PCCI is to provide focused advocacy for business growth and sustainable development by providing business services for the advancement of grassroots entrepreneurship, chamber development, international trade relations, business innovation and excellence, and operating efficiency. These will be achieved through a professional organization working in close cooperation with various stakeholders in public and private sectors.
PCCI tells members to brace for tightening electricity supply and possible higher rates
Encourages members with generating capacities to enroll in the ILP
The PCCI is calling on its members to prepare for a tight power supply situation and potential higher rates following a briefing made by Meralco on the mitigation measures the distribution utility is taking to address the cost and supply impact of the termination of its contract with San Miguel Global Power Corp. (SMGPC).
In August 2022, South Premiere Power Corp. (SPPC), San Miguel Electric Corp. (SMEC) and MERALCO filed a Motion for Price Adjustment (MPA) with the Energy Regulatory Commission (ERC) for a period of 6 months to recover ₱5.20 billion losses incurred by SMGPC Power due to spike in the global prices of fuel. ERC denied the petition. SMGCP went to the Court of Appeals (CA) to restrain the order of the ERC for the continued enforcement of its PSAs with Meralco. The CA granted SMGPC a 60-day Temporary Restraining Order (TRO). Had ERC approved the Motion, the effect on the generation charge would have been only an increase of ₱0.28 to .29/kWh.
Last January 10, Meralco announced an increase in electricity charges by P0.6232/kWh. At the same time, it is undertaking the following measures to address the supply and rate impact on consumers:
-
10-day emergency with SPPC with the Ilijan Plant running on diesel from Feb 9 to 18, 2023.
-
Obtained half of the replacement power for SPPC from GNPower Dinginin (GNPD). Although GNPD price is higher compared to Ilijan power plant prices, it is lower than WESM prices.
-
Conducting Competitive Selection Process (CSP) for the remaining 180MW and 300MW.
-
Signing of an 850 MW contract for solar power and submitted it to the ERC. A CSP for 500 MW is also in the process for a renewable energy plant.
-
Fuel swapping arrangement, which will take effect on February 26, 2023 after ERC approval.
-
Calling on companies with generating capacities to enroll in its Interruptible Load Program (ILP) to help address possible tight supply in summer when power demand surges.
Meralco’s service coverage account for 55% of the country’s electricity output. --- Rhuby Conel