MAP Champions MERALCO’s Franchise Renewal

The Management Association of the Philippines (MAP) has issued a fervent statement backing the renewal of the Manila Electric Company’s (MERALCO) franchise in a decisive move supporting the bid.

MAP, led by its President Rene D. Almendras, has endorsed MERALCO's franchise renewal, highlighting the company’s commitment to green energy, customer empowerment, and operational excellence crucial for the nation's progress and the well-being of Filipinos. | Photo: MAP Facebook

Endorsed by MAP President Mr. Rene D. Almendras and Ms. Ruth Y. Owen, Chair of the MAP Energy Committee, this endorsement highlights the pivotal role MERALCO plays in the nation’s energy landscape and its alignment with MAP's mission to promote management excellence for nation-building.

MERALCO’s contribution to the Philippine economy is undeniable.

The organization provides reliable electricity, which is the backbone of businesses and essential for the well-being of Filipinos. MERALCO's commitment to green energy is a testament to its forward-thinking approach.

Actively championing the government's renewable energy (RE) goals, MERALCO’s franchise area boasts a remarkable 64% share of the Green Energy Option Program’s (GEOP) total energy consumption.

This demonstrates a clear dedication to sustainable energy practices, a critical aspect for the future of energy in the country.

Customer empowerment is another pillar of MERALCO’s service. Leading the way in customer choice programs under the Electric Power Industry Reform Act (EPIRA), MERALCO has achieved a 65% participation rate in the retail market, with 1,450 out of 2,240 eligible customers involved.

Furthermore, it facilitates the installation of RE systems for over 7,000 customers, reflecting its commitment to making renewable energy accessible and practical for its users.

MERALCO’s innovative initiatives, such as the country’s largest smart meter program, serve nearly 100,000 customers with prepaid electricity services.

Additionally, their Peak/Off-Peak (POP) time-of-use program allows eligible customers to reduce their electric bills by taking advantage of off-peak rates, making efficient energy use more affordable.

The company’s focus on operational efficiency and resiliency is evident. MERALCO consistently meets or exceeds standards set by the Energy Regulatory Commission (ERC), boasting one of the lowest system loss rates in the country.

Reports from Independent Energy Consultants (IEC) affirm the reasonableness of MERALCO's rates, with inflation-adjusted electricity rates decreasing since the implementation of EPIRA, passing cost savings directly to consumers.

Social responsibility is woven into MERALCO's fabric.

Almost achieving 100% electrification within its franchise area, MERALCO implements a Lifeline Rate Program that offers significant discounts for the poorest customers, and a 5% discount for senior citizens.

This inclusivity underscores MERALCO’s commitment to supporting all segments of society.

Beyond its service area, MERALCO extends support to fellow utilities, especially electric cooperatives, during natural disasters, bolstering the resilience of the Philippine power grid.

Its collaboration with the government on projects like the Build, Build, Build Program and Public-Private Partnerships (PPP) further cements its role in driving national progress.

Notably, the launch of the Philippines’ first integrated liquefied natural gas facility in Batangas, in partnership with Aboitiz Power Corp. and San Miguel Global Power Holdings Corp., underscores MERALCO's role in spearheading significant infrastructure advancements.

In conclusion, MAP’s strong support for MERALCO’s franchise renewal is a call to the House of Representatives Committee on Legislative Franchises to recognize the company’s substantial positive impact.

Approving this renewal ensures continued stability in the power sector, ultimately serving the best interests of the Filipino people and the economy. With MAP’s advocacy, MERALCO stands poised to continue lighting the way for the Philippines' bright and sustainable future.