Manila Electric Co. · PSE:MER
Manila Electric — Corporate Update (February 2022)
22 slides from Manila Electric's corporate update, Feb 17, 2022
Slide 1: What You Need to Know About the Green Energy Option Program (GEOP)
What You Need to Know About the Green Energy Option Program (GEOP) February 17, 2022
Slide 2: Presentation outline
Presentation outline What is GEOP? How Do You Make the Switch? Moving Ahead
Slide 3: How was the Green Energy Option Program created?
How was the Green Energy Option Program created? R.A. 9136 (“Electric Power Industry Reform Act of 2001”) - it is the policy of the state to ensure socially and environmentally compatible energy resources and infrastructure, and promote the utilization of indigenous, new and Renewable Energy (RE) re
Slide 4: Supply Chain Under the Green Energy Option Program
Supply Chain Under the Green Energy Option Program WESM END-USER/ DU (MERALCO) CONSUMER GenCos supply NGCP transfers power via power from GenCos distributes power Transmission Lines to the DU to end-users/ consumers GEOP Market END-USER/ CONSUMER Renewable Energy Supplier (RE Supplier) /SoLR transac
Slide 5: The unbundled electric bill
The unbundled electric bill Collectively called as Distribution Wheeling Service (DWS) portion of the bill WESM END-USER/ DU (MERALCO) CONSUMER GenCos supply power NGCP transfers power distributes power via Transmission Lines from GenCos to the DU Captive Market to end-users/ consumers Taken care of
Slide 6: Benefits
Benefits Designed for Chance to Energy needs will be Consumer end-users who contribute to the supplied by 100% empowerment: are focused on development and renewable sources the power of sustainability use of renewables choice in a least-cost and sustainable manner
Slide 7: Who are the players?
Who are the players? • Supervise restructuring of • Promote competition, • Operates the the electricity industry among others Wholesale and Retail REGULATORS • Formulate policies, rules • Enforces rules, regulations Markets and regulations necessary including issuances of • Acts as the Central Indep
Slide 8: List of RE Suppliers
List of RE Suppliers 1 Bac-Man Geothermal Inc. 8 SN Aboitiz Power-Magat, Inc. Lopez First Gen Energy Solutions, 2 9 SN Aboitiz Power-RES, Inc. Group Inc. Aboitiz 3 GreenCore Geothermal Inc. 10 Group Aboitiz Energy Solutions, Inc. 4 AC Energy Philippines, Inc. 11 Prism Energy, Inc. Ayala Group 5 Dire
Slide 9: Who are qualified?
Who are qualified? Based on criteria set by Regulators, customers meeting the following parameters are considered eligible for the program: Existing Customers New Customers (with less than 12 months consumption) Monthly average peak demand for the past 12 Estimated monthly average peak demand ≥ mont
Slide 10: How will I know if my business is qualified?
How will I know if my business is qualified? Eligible customers will be notified thru their monthly bill. GEOP only GEOP & RCOA (100 kW – 499 kW) (500 kW & Up)
Slide 11: Change in contractual relationship
Change in contractual relationship As a GEOP end-user you will execute different contracts to cover your Energy and Connection requirements CAPTIVE MARKET GEOP MARKET ✓ ✓ ✓
Slide 12: Changes in customer service processes
Changes in customer service processes Once you switch to GEOP, your interaction with Meralco will change. Captive Customers Service Application / Meter Reading / Data Billing Payments Delinquency Contracting Retrieval & Analysis Processing Management CRB Single Billing Customer- DU provides sends li
Slide 13: How do you make the switch to GEOP?
How do you make the switch to GEOP?
Slide 14: Preparatory activities prior to switch
Preparatory activities prior to switch Customer needs to take note of the following activities prior to contracting with RE supplier. Contractual Financial Operational • Update your Customer • Settle all financial obligations • Billing cycle must be on 25th of the Information with Meralco with Meral
Slide 15: Timeline and activities prior to intended switch effectivity
Timeline and activities prior to intended switch effectivity GEOP Eligible customer to notify DU of its intent to sign GEOP Supply Contract and to update 90 days customer records (i.e. Registered Name, etc.) GEOP Eligible customer to notify DU of its signed contract with RE supplier. GEOP eligible c
Slide 16: Requirements to switch
Requirements to switch Customers must comply to the following requirements to switch from the Captive to the GEOP Market also known as Initial Switch. For Compliance to the Distribution Utility Request from RE supplier to RMSP* via CRSS** Installed GEOP-compliant meter Metering Installation and Regi
Slide 17: Will you still need Meralco after you switch to GEOP?
Will you still need Meralco after you switch to GEOP? Distribution Utility (DU) / Network Service Provider (NSP) Metering Service Provider (MSP) Supplier of Last Resort (SoLR)
Slide 18: When would you need a Supplier of Last Resort (SOLR)?
When would you need a Supplier of Last Resort (SOLR)? RE Supplier /Local RES has ceased to operate RE Supplier License has expired or been revoked by ERC GEOP operating permit has been revoked by DOE DWSA between the RE Supplier and the DU has been terminated TSA between the RE Supplier/GEOP End Use
Slide 19: What's in store for the open market?
What’s in store for the open market? RCOA GEOP Further lowering of Further lowering of New RE Policies Aggregation threshold <500kW threshold <100 kW
Slide 20: GEOP Highlights
GEOP Highlights Qualified End-Users Metering DU’s Role 100kW and above Load Profile meters, 5-min NSP, MSP and SOLR interval, remote-capable Billing Scheme Billing Period Transitory Period Single or Dual/Multiple 26th to 25th 3 months
Slide 21: Interested to switch to GEOP?
Interested to switch to GEOP? You may contact your Relationship Manager or reach us via: Email: [email protected] Business Hotline: 16210 The list of accredited Renewable Energy Suppliers are available at the ERC website: www.erc.gov.ph
Slide 22: Thank you!
Thank you! (2) MERALCO
Manila Electric Company (Meralco) — Corporate Update (February 2022) on 6ix