THE Manila Electric Co. (Meralco) has signed agreements with three power producers to meet an expected increase in demand during the summer months and avoid being caught up in price fluctuations on the wholesale electricity spot market.
The power distributor said in a regulatory filing to the Philippine Stock Exchange on Wednesday it would secure up to a combined 204 megawatts of power under separate interim power supply agreements (IPSAs) that it forged with Toledo Power Co., Panay Power Corporation and 1590 Energy Corporation.
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