Meralco plans as retail electricity supplier

Not taking any chances of getting toppled from its current position as dominant electricity provider, utility giant Manila Electric Company (Meralco) takes another step forward with its planned foray as retail electricity supplier.

Meralco Chairman and Chief Executive Officer Manuel M. Lopez clearly set out the company’s direction, when he said that “we stand by our earlier decision to enter into retail electricity supply with the Power Supply Option Program likely to be implemented next year.”

Evidently, the company is steadfastly preparing for the advent of open access, or the regime that will finally open up the deregulated power industry into a competitive setting. This will kick off with the big-ticket users, like industries, which will finally have that once-elusive choice on getting their preferred electricity suppliers.

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