By Alena Mae S. Flores Posted on Jun. 27, 2013 at 12:01am
Some 239 large power users have signed contracts with suppliers under the retail competition and open access regime that began Wednesday, Philippine Electricity Market Corp. said.
PEMC, operator of the wholesale electricity spot market, said the number represented 26 percent of the 909 registered contestable customers who were qualified to choose their own suppliers under the retail competition and open access regime, which started Wednesday.
The Electric Power Industry Reform Act allows contestable customers, or power users that consume 1 at least megawatt each month, to negotiate directly their requirements with power suppliers.
Power consumers, under the current system, are limited to the supplier that has jurisdiction over their respective areas. Full commercial operations for open access will begin on Dec. 26.
PEMC president Melinda Ocampo said the registration of contestable customers was subject “to compliance to document requirements like metering to be coordinated with the MSP [metering service provider].”
The 239 contestable customers signed contracts with suppliers such as Adventenergy Inc., Aboitiz Energy Solutions Inc., TeaM (Philippines) Energy Corp., DirectPower Services Inc., San Miguel Electric Corp., Masinloc Power Partners Company Ltd. and Manila Electric Co.-Retail Electricity Supplier.
San Miguel Brewery Inc. became the first registered contestable customer under the open access regime and chose San Miguel Electric Corp. as its supplier.
San Miguel Brewery president Roberto Huang said the open access would promote competition among retail electricity suppliers.
“Open access provides another compelling reason why investors should put up businesses here in the country since the policy could help lower the cost of power. With more competition in the field, the level of service would surely improve as players would want to get as many customers as it could,” Huang said. source
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