ERC lauds Meralco move to register as retail supplier

The Energy Regulatory Commission (ERC) welcomed the announcement by the Manila Electric Company (Meralco) on Wednesday that it will apply for the registration of an affiliated company as a Retail Electricity Supplier (RES), in accordance with the government’s retail competition and open access (RCOA) policy in the power sector.

ERC Chairman Jose Vicente Salazar said Meralco’s move “underscores the power firm’s unwavering commitment to its customers and to the transformation of the electricity market in line with the spirit of the Electric Power Industry Reform Act (Epira).”