The Energy Regulatory Commission (ERC) has extended final approval to the ₱5.39 per kilowatt hour (kwh) electricity rate that project developer-firm Solar Philippines has tendered in its 20-year power supply agreement (PSA) with Manila Electric Company. The regulatory body’s final nod on the pass-on rate of the solar facility is a follow-through to the provisional approval it rendered last year on the same application. The PSA between Meralco and Solar Philippines was signed in 2016.
