Manila - based solar panel manufacturer Solar Philippines could slash electricity prices 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 / kW . The proposal , which could save customers PHP75bn annually , came about after Meralco sought challengers to First NatGas Power ’s unsolicited offer to supply 414 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 .
Manila-based solar panel manufacturer Solar Philippines 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 annually, came about after Meralco sought challengers to First NatGas Power’s unsolicited offer to supply 414 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.