December 6, 2022

To offset the impact of the PSA suspension, SMC has offered the 1,200-MW capacity of its Ilijan Plant exclusively to Meralco. SMC president Ramon S. Ang said the offer will cost Meralco a minimal P1 per kilowatt-hour in capital recovery fee, or half of its capital cost on the facility. The supply coming from the Ilijan Plant accounts for around 10 to 12 percent of Luzon’s net dependable capacity.