A senior official of the manila Electric Co. (Meralco) admitted the electricity distributor directed power generator Therma Mobile (TMO) to bid out Meralco’s 100 megawatts (MW) at the Wholesale Electricity Spot Market (WESM) for P62 per kilowatt-hour (kWh) when the Malampaya natural gas complex shut down last November.
Meralco director and general counsel Rey Espinosa on Wednesday told the House Committee on Energy the company instructed Therma Mobile to bid the 100 MW for P62 during off-peak hours to prevent the plant’s supply from being used at peak hours.
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