"Despite the challenges we have encountered so far this year, Meralco has been relentless in anticipating the needs of our customers and investing in projects that would be beneficial for them in the long run," Meralco Executive Vice President and Chief Operating Officer Ronnie L. Aperocho said. Consistent with its Power Supply Procurement Plan approved by the Department of Energy (DOE), Meralco conducted the competitive selection process (CSP) for 600-MW baseload and 400-MW mid-merit supply requirements. Meralco secured the best bids for the 600 MW baseload requirement from two (2) generation companies, which offered a levelized cost of electricity (LCOE) inclusive of line rental and Value Added Tax (VAT) of P5.6015 per kWh and P5.7392 per kWh. Meanwhile, the sole winning bidder of the CSP for the 400-MW mid-merit requirement offered an LCOE of P7.6816 per kWh, including line rental and VAT.