By: Doris Dumlao-Abadilla - August
18, 2017
A unit of Consunji group-led
Semirara Mining and Power Corp. is set to enter the retail electricity market,
which is seen to offer ample opportunities despite tough competition.
Sem-Calaca RES Corp. (SCRC) is
working on possible contracts after receiving its license to operate from the
Energy Regulatory Commission (ERC) in November last year.
“We are not an early entrant but we’re
optimistic about our prospects. The unserved market is sizable and we are well
positioned to compete despite the stiff market situation,” said Semirara
president and chief operating officer Victor Consunji.
A retail electricity supplier (RES)
refers to any person or entity authorized to sell, broker, market or aggregate
electricity to the “contestable” market which consists of a group of end-users
who have an average peak demand of one megawatt (MW) for 12 months before the
start of retail competition.
To develop its client base, SCRC has
been aggressively pitching to customers qualified under current ERC
regulations.
As of June, the Competitive Retail
Electricity Market (CREM) said there were 1,377 contestable customers in Luzon
and 184 in Visayas with total demand of about 3,830 megawatts (MW). About 713
contestable customers with total demand of about 1,780 MW are still getting
their power requirements from their distribution utilities.
The ERC previously set for Feb. 26
this year the deadline for contestable customers with an average monthly peak
demand of at least 1MW to source power from a licensed retail electricity
supplier.
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