2023 Industry Highlights: Breaking New Ground In The First Half!
2023 Industry Highlights: Breaking New Ground In The First Half!
The first half of 2023 was full of significant milestones for the Philippine Power Industry. We share the enthusiasm and excitement of all the participants in the Retail Competition and Open Access…
The first half of 2023 was full of significant milestones for the Philippine Power Industry. We share the enthusiasm and excitement of all the participants in the Retail Competition and Open Access (RCOA) as we break new ground in delivering sustainable, affordable, and reliable power to the whole country! Do you want to stay abreast of the headlines in the Philippine Power Industry? Subscribe to our weekly newsletter today! Talk to our energy professionals by sending an email to info@mabuhayenergy.com .
READ MORE:
1. WESM Mindanao finally commences operations
https://powerphilippines.com/wesm-mindanao-finally.../
2. NGCP to double transfer capacity of Mindanao-Visayas interconnection
https://www.philstar.com/.../ngcp-double-transfer...
3. 19 areas in PH ripe for Renewable Energy
https://malaya.com.ph/newsbusiness/19-areas-ripe-for-re/
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"From an RES perspective, the core question has to be: How do we actually bring down the cost of electricity for the end-user? That must be the ultimate goal," Castillo said. "When we contract supply from generators, including nuclear once it becomes available, the challenge lies in utilizing that capacity so it reaches our customers in a way that is dependable, economically viable, and adaptable to their commercial needs."
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Franchisees Make Smart Energy Choices to Cut Cost through RCOA
Businesses that have made the switch to a RES are already seeing significant reductions in their power bills, with savings reaching up to 30%. For franchise owners, these freed-up funds provide valuable capital that can be reinvested directly into store expansion and facility upgrades.
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Mabuhay Energy CEO: Retail Choice Can’t Override Grid Bottlenecks
"A Retail Electricity Supplier cannot give a customer affordable electricity if affordable generation is unavailable," Castillo emphasized. "And affordable generation somewhere in the country does not help the customer if transmission cannot bring that electricity to where it is needed."
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