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Gotianun, ESAMELCO Seek ERC Nod for New Urgent Power Deal
The Philippine Star
|January 04, 2025
Gotianun-led FDC Misamis Power Corp. (FDCMPC) is seeking regulatory approval for its new emergency power supply agreement (EPSA) with an electric cooperative that serves Eastern Samar.
FDCMPC and the Eastern Samar Electric Cooperative Inc. (ESAMELCO) have sought an approval from the Energy Regulatory Commission for their new EPSA aimed at ensuring uninterrupted and affordable power to consumers.
ESAMELCO provides electric service to member-consumers across 22 municipalities in Eastern Samar, with average peak demand projected at 23.5 megawatts (MW) in 2024.
Following the expiration of its first EPSA with FDCMPC in September last year, ESAMELCO was compelled to execute another EPSA to minimize exposure to the Wholesale Electricity Spot Market (WESM) and its volatile prices.
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