Published April 11, 2020, 10:00 PM By Myrna M. Velasco
https://business.mb.com.ph/2020/04/11/clark-electric-seeks-nod-on-power-retailing-license/
In its bid to comprehensively enter the competitive arena of the restructured electricity sector, the Clark Electric Distribution Corporation (CEDC) is seeking regulatory approval for power retailing license applied for by its wholly owned subsidiary Clarion Energy Management, Inc.
Clarion will be the Clark power distribution firm’s retail electricity supplier (RES) entity that will sell power to big-ticket customers that can already choose their suppliers within the ambit of Retail Competition and Open Access (RCOA) policy in the power industry.
CEDC, which is also a subsidiary of Manila Electric Company (Meralco), is servicing the electricity requirements of Clark, primarily the locators at the special economic zone.
The company noted that as of February 24, 2020, it was still awaiting the RESlicense approval of Clarion, which at that time has been pending with the Energy Regulatory Commission (ERC).
The retail segment of the power industry wherein contestable customers can already underwrite their preferred power contracts with generation companies or suppliers is an industry sphere where competition has already been flourishing. Early part of this year, the ERC has resumed its processing of RESapplications by power suppliers intending to cater to the power needs of those in the 750-kilowatt and above level of electricity consumptions.
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