Solar PH to offer lowest electricity rates
Renewable energy company Solar Philippines has proposed a 24/7 power for Php2.99 per kilowatt-hour (kwh) to Meralco which challenges First NatGas’ price proposal from its 414 MW San Gabriel gas power plant in Batangas.
Solar Philippines stated that the offered rate would allow consumers to save over 30% or around Php75 billion per annum compared to Meralco’s average generation rate of Php4.74 per kwh in the past three months.
“Meralco can save an average of 30 percent thanks to advances in solar and battery storage,” said Solar Philippines president Leandro Leviste. “Re-bidding this requirement in line with DOE’s technology-neutral policy will encourage competition and ensure consumers can enjoy significant savings,” he added.
The offer will allow Meralco to decide whether to re-bid under the same terms or amend it to allow other technologies to compete on the basis of costs.
Solar Philippines recently built its first MW-scale Solar-Battery Micro-Grid in Paluan, Occidental Mindoro to give 24/7 reliable power.
Source: Power Philippines