PNOC’s goal of becoming a Retail Electricity Supplier (RES) is set to play a significant part in the Philippines’ energy landscape. Â This move aligns with the Electric Power Industry Reform Act (EPIRA) – specifically the Retail Competition and Open Access (RCOA) framework – which aims to provide more energy choices for consumers. Â PNOC plans to achieve this by aggregating government entities’ electricity demands and connecting them directly to generating companies. Â This will ensure cheaper and more reliable electricity supply for government agencies.
PNOC’s short-term plan includes the following steps: 1) obtaining an RES license, 2) signing a Memorandum of Understanding (MOU) with a government agency for an initial 10 MW electricity demand aggregation, and 3) piloting advanced metering systems.
In the medium term, PNOC intends to establish itself as an off-taker for new power projects. Â PNOC’s overall vision is to facilitate the entry of new-generation players into the market through effective demand aggregation, allowing government entities to become contestable electricity consumers. Â This enables them to source more renewable energy and ultimately benefit from lower electricity costs in the long run.