BusinessMirror
  • News
    • News
    • Top News
    • Regions
    • Nation
    • World
    • Asia Today
  • Business
    • Business
    • Agri-Commodities
    • Asean Economic Community
    • Banking & Finance
    • Companies
    • Economy
    • Entrepreneur
    • Executive Views
    • Export Unlimited
    • Harvard Management Update
    • Monday Morning
    • Mutual Funds
    • Stock Market Outlook
    • The Integrity Initiative
  • Sports
  • Opinion
    • Opinion
    • Columns
    • Editorial
    • Editorial cartoon
  • Life
    • Life
    • Art
    • Design&Space
    • Digital Life
    • Journey
    • Motoring
    • 360° Review
    • Property
    • Show
    • Tech
    • Tourism
    • Y2Z
  • Features
    • Biodiversity
    • Education
    • Envoys & Expats
    • Explainer
    • Faith
    • Green
    • Health & Fitness
    • Mission: PHL
    • Our Time
    • Perspective
    • Photo Gallery
    • Science
    • Today in History
    • Tony&Nick
    • When I Was 25
    • Wine & Dine
  • BMPlus
    • BMPlus
    • SoundStrip
    • Live & In Quarantine
    • Bulletin Board
    • Marketing
    • Public Service
    • CSR
  • The Broader Look

Today’s front page, Sunday, October 1, 2023

Subscribe
BusinessMirror
BusinessMirror
  • News
    • News
    • Top News
    • Regions
    • Nation
    • World
    • Asia Today
  • Business
    • Business
    • Agri-Commodities
    • Asean Economic Community
    • Banking & Finance
    • Companies
    • Economy
    • Entrepreneur
    • Executive Views
    • Export Unlimited
    • Harvard Management Update
    • Monday Morning
    • Mutual Funds
    • Stock Market Outlook
    • The Integrity Initiative
  • Sports
  • Opinion
    • Opinion
    • Columns
    • Editorial
    • Editorial cartoon
  • Life
    • Life
    • Art
    • Design&Space
    • Digital Life
    • Journey
    • Motoring
    • 360° Review
    • Property
    • Show
    • Tech
    • Tourism
    • Y2Z
  • Features
    • Biodiversity
    • Education
    • Envoys & Expats
    • Explainer
    • Faith
    • Green
    • Health & Fitness
    • Mission: PHL
    • Our Time
    • Perspective
    • Photo Gallery
    • Science
    • Today in History
    • Tony&Nick
    • When I Was 25
    • Wine & Dine
  • BMPlus
    • BMPlus
    • SoundStrip
    • Live & In Quarantine
    • Bulletin Board
    • Marketing
    • Public Service
    • CSR
  • The Broader Look
  • Companies

‘More customers of Meralco shifting to renewable energy’

  • Lenie Lectura
  • September 13, 2023
  • 2 minute read

More customers of the Manila Electric Co. (Meralco), particularly from the residential segment, are adopting renewable energy (RE).

“To date, we have 8,544 NM [net metering] customers with 50.3 MWp [megawatt peak] installed capacity, and year-on-year NM numbers and capacity are increasing rapidly,” said Meralco Chief Commercial Officer and First Vice President Ferdinand Geluz during the second day of the three-day Giga Summit organized by the Meralco Power Academy.

Of the NM customers, 96 percent or around 8,200 are residential while the rest are commercial and industrial customers.

Under the NM program, electricity end-users with RE installations not exceeding 100 kilowatt can sell electricity generated in excess of what they consume to their distribution utility.

“Our Net Metering allows our customers to install an RE facility within their premises, with a capacity of up to 100kW, and get credits from the excess electricity that they export back to Meralco,” said Geluz.

For the whole of 2022, Geluz said Meralco NM customers exported 20.3 gigawatt hours (GWh). As of July this year, 16.2 GWh in energy export had been generated.

Geluz said there are 50 Meralco NM zero-export customers, or those who use the electricity generated by their RE facility for their own consumption, in its franchise area with 26.5 MW of installed capacity.

“For Zero-Export…Meralco ensures that there is no inadvertent energy exported through its lines to safeguard its crew as well as other electrical customers.”

Meralco also started offering Distributed Energy Resources (DER) solutions to its more than 7 million customers in compliance with Energy Regulatory Commission (ERC) rules.

Renewable DER for consumption and export is available for RE installations greater than 100 kilowatt peak up to 1MWp, provided that the maximum capacity to export will not exceed 30 percent of the DER.

DER non-exporting, meanwhile, is for installations which can be of any technology, capacity, and grid location where the DER owner is not the end-user.

“Currently, we have 3 customers for DER non-exporting. To help our customers achieve net zero energy status, wherein the building or premise is able to balance its energy needs with energy produced from renewable, zero-emission sources, we have a subsidiary, MSpectrum, that provides solar PV installation services,” said Geluz.

Meralco, he said, recognizes its responsibility in the country’s transition towards cleaner energy.

“As we learn from global best practices, we also believe that as one country, we can learn from each other and share insights on our own journeys as we collectively strive to deliver energy for all, always.”

He said the utility firm continues to empower its customers with knowledge, tools and solutions to establish “sustainable habits.”

“Through our own version of the Time of Use program which we named Peak Off Peak [POP], we encourage businesses who are able, to shift operations to off peak hours. This resulted in significant operational savings on electricity that have allowed some companies to thrive and afforded others to expand.”

Currently, Meralco has signed up 6,887 POP customers who are able to not only benefit from their savings in being part of the program, but also contribute in shaving peak load during hours of high electricity use.

0
0
0
0
Share 0
Tweet 0
Pin it 0
Share 0
Related Topics
  • Featured

Know more

NAVPS Performance
Know more
  • 0 min
  • Mutual Funds

Net Asset Value Per Share (NAVPS) Performance (as of September 29, 2023)

  • Philippine Investment Funds Association
  • September 29, 2023
Know more
  • 3 min
  • Companies

DOE exhorts local energy firms to bet on geothermal

  • Lenie Lectura
  • September 29, 2023
Know more
  • 2 min
  • Companies

Fernando Zobel de Ayala returns to board of AC

  • VG Cabuag
  • September 29, 2023
Know more
  • 2 min
  • Companies

DMCI: Rehab of Berong mine inches closer to completion

  • VG Cabuag
  • September 29, 2023
NAVPS Performance
Know more
  • 0 min
  • Mutual Funds

Net Asset Value Per Share (NAVPS) Performance (as of September 28, 2023)

  • Philippine Investment Funds Association
  • September 28, 2023
Know more
  • 0 min
  • Companies

AgriNurture, Inc. issues Notice of Annual Meeting of Stockholders

  • BMPlus
  • September 28, 2023
Know more
  • 2 min
  • Companies

Burger King owner banks on youth

  • Roderick Abad
  • September 28, 2023
Know more
  • 2 min
  • Companies

SEC to use ownership data vs corruption, tax evasion

  • VG Cabuag
  • September 28, 2023
Know more
  • 2 min
  • Companies

Firms in JV for wind power project

  • Lenie Lectura
  • September 28, 2023
Know more
  • 2 min
  • Companies

2Go prepares for pent-up demand in holiday season

  • VG Cabuag
  • September 28, 2023
Know more
  • 1 min
  • Companies

CREC to supply power to Cogent

  • Lenie Lectura
  • September 28, 2023
Know more
  • 2 min
  • Companies

NGCP sees project finished 2 years early

  • Lenie Lectura
  • September 28, 2023
Know more
  • 2 min
  • Companies

Mitsubishi Motors will stop making cars in China—Nikkei

  • Bloomberg News
  • September 27, 2023
NAVPS Performance
Know more
  • 0 min
  • Mutual Funds

Net Asset Value Per Share (NAVPS) Performance (as of September 27, 2023)

  • Philippine Investment Funds Association
  • September 27, 2023
Know more
  • 0 min
  • Companies

AgriNurture, Inc. issues Notice of Annual Meeting of Stockholders

  • BMPlus
  • September 27, 2023
Know more
  • 2 min
  • Companies

SEC backs proposal to cut taxes on stock transactions

  • VG Cabuag
  • September 27, 2023
Know more
  • 2 min
  • Companies

Holcim to delist from PSE in November

  • VG Cabuag
  • September 27, 2023
Know more
  • 2 min
  • Companies

Avon optimistic about 2023 prospects

  • Roderick Abad
  • September 27, 2023
Know more
  • 3 min
  • Companies

DOJ affirms SEC position on foreign directors in local firms

  • Joel R. San Juan
  • September 27, 2023
Know more
  • 4 min
  • Companies

Cebu Landmasters @ 20: Two decades of masterful development

  • BusinessMirror
  • September 27, 2023

Subscribe

BusinessMirror
  • About Us
  • Contact Us
  • Advertise with us
  • Privacy Policy
  • Cookie Policy
  • Podcast
  • Text-Only Homepage

Input your search keywords and press Enter.