TODAY'S EDITORIAL: DoE is imposing order on electricity supply deals
and Manila Electric Co. may soon be a thing of the past with the expected rollout of new criteria for the Competitive Selection Process , the Department of Energy announced in a forum on Monday. We have said this before, and it is worth saying again: Under the Marcos administration, the DoE is doing yeoman's work in expanding and improving the country's energy sector, and this latest revelation is yet another tangible example of that.
Doing things rightAccording to Guevara, over the past five years the CSP has been implemented, it has become clear that its basic requirement, that electricity be supplied at the 'least cost,' is insufficient to guarantee affordable and reliable energy for distributors and their customers. Even though the DoE and ERC started work on reviewing and revising the CSP well before the SMC-Meralco controversy, that episode simply confirmed that the agencies were doing the right thing.
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