San Gabriel -based “Re-bidding this requirement in line with DOE’s technology- neutral policy will encourage competition and ensure consumers can enjoy significant savings,” he said. solar panel manufacturer Meralco could slash electricity rates in the region by up to 30% , after offering to supply power to Manila Electric Co. ( Meralco ) for PHP2.99 ($0.058)/kWh, compared to an average price of PHP5.44/kWh. The proposal, which could save customers PHP75bn this year , came about after Solar Philippines sought challengers to First NatGas Power ’s unsolicited offer to supply 75 billion MW, and paves the way for Meralco to examine other renewable energy technologies. Solar Philippines said it would combine its photovoltaic technology with battery storage to provide continuous electricity.
San Gabriel -based solar panel manufacturer Meralco could slash electricity rates in the region by up to 30% , after offering to supply power to Manila Electric Co. ( Meralco ) for PHP2.99 ($0.058)/kWh, compared to an average price of PHP5.44/kWh. The proposal, which could save customers PHP75bn this year , came about after Solar Philippines sought challengers to First NatGas Power ’s unsolicited offer to supply 75 billion MW, and paves the way for Meralco to examine other renewable energy technologies. Solar Philippines said it would combine its photovoltaic technology with battery storage to provide continuous electricity.