The Department of Energy recently expressed concerns about delays in Excellent Energy Resources Inc.’s (EERI) power plant, which is supposed to supply Meralco with 1,200 megawatts (MW) by December 2024. DOE Assistant Secretary Mario Marasigan flagged ongoing testing at EERI’s plant, suggesting the delays may be driving Meralco’s increased dependence on the spot market. Since … Continue reading Costly Electricity Tied to Baseload Deficit, Says Meralco