ERC sets installed capacity limit for power generation firms this year
The Energy Regulatory Commission (ERC) has capped the 2018 maximum power generating capacity of a single entity and its related groups to 5,466,779.34 kilowatts (kW) or no more than 25% of the installed capacity in the national power grid as called for by the law that deregulated the energy sector.
For Luzon, the market share limitation (MSL) was set at 4,552,790.23 kW or no more than 30% of the main island’s set installed generating capacity (IGC) as called for under the ERC resolution released this week to media.
In the Visayas and Mindanao, the market share limit was 958,466.4 kW and 1,048,878.57 kW, respectively. These limits represent 30% of the separate installed generating capacity in the island groups.
ERC Chairperson and Chief Executive Officer Agnes T. Devanadera said setting the installed generating capacity and the market share limitation, per grid and national grid, “ensures consumer protection through the promotion of free and fair competition in the generation and supply of electricity.”
“The ERC, as part of its monitoring activities, shall continuously monitor to ensure that no generation company or other entity violates or breaches the MSL per Grid and National Grid,” she said in a statement on Tuesday. — Victor V. Saulon