Manila Electric Co. (Meralco) has signed power supply agreements (PSAs) expected to lower power costs for electricity consumers. The supply deals with PHINMA Energy Corp., San Miguel Energy Corp. and South Premier Power Corp. involve a contract capacity of 1,200 megawatts (MW) and will be effective Dec. 26, 2019. The agreements will still go through the approval process of the Energy Regulatory Commission. Meralco said a competitive selection process (CSP) was conducted as specified in a Department of Energy (DOE) circular that requires all distribution utilities to procure power through CSPs. This was administered by a third-party bids and awards committee formed according to the DOE circular. Lawyer Ferdinand Domingo led the committee, which also included. Adrian Cristobal, Jr., a former trade and industry secretary. Both represented consumers. Bids were opened and evaluated on Sept. 9,2019.