Power giant Manila Electric Co. (Meralco) has opened the bidding for its 600-megawatt baseload electricity requirement, aiming to secure a multi-year supply to keep the lights on in its franchise area, Philstar Biz reported.
The baseload power supply deal is intended to provide stable and continuous electricity to Meralco's customers, covering the minimum level of demand that must be met at all times. The utility seeks competitive proposals from power generation companies to ensure reliable and cost-effective energy.
Meralco's bidding process comes amid rising power demand in the Philippines and efforts to secure long-term supply contracts. The outcome of the auction will likely affect electricity rates and supply stability in the utility's service area, which includes Metro Manila and nearby provinces.