The Manila Electric Co. said Tuesday that power rates during the Marcos administration could be reduced if and when the government enforces the right policies that would address spiraling fuel prices among others.
What we need are sound government policies that can better address movements on fuel and forex, and an environment that encourages the development of additional capacities, brought by new generating plants,” Espinosa said in response to a query of a Meralco shareholder. “Meralco will favorably consider contracting reasonable and competitively priced supply from generation companies, including the BNPP [Bataan Nuclear Power Plant] if the same should become operational,” Espinosa said.
Hybrid renewable energy plants that combine solar, with battery energy storage systems , promise to address the intermittency of such RE resources.