The following can apply as a RES: (1) a generation company or its affiliate; (2) a DU that will operate as a RES outside of its franchise area or an economic zone supplier that will operate outside of the economic zone; (3) an affiliate of a DU with respect to the latter’s contestable market or outside its franchise area; (4) an independent power producer (IPP) administrator; or (5) any person who intends to sell, broker or market electricity to the contestable market.
A RES applicant must meet the criteria and standards set forth in the Revised Rules for the approval of a license. It must have technical, financial and managerial capabilities to ensure the fulfillment of its contractual obligations with customers for reliable electricity supply. It is also vital for a prospective RES to have the capability to set up a business-to-business (B2B) system that will facilitate information exchange over the internet.
GESC was incorporated in the Philippines and was registered with the Security and Exchange Commission in November 2004, initially as Masinloc Global Holdings, Inc. In March 2009, it amended its Articles of Incorporation and adopted the name Global Energy Supply Corporation (GESC). GESC is a subsidiary wholly-owned by the Global Business Power Corporation (formerly Mirant Global Corporation), among other subsidiaries, which owns nine (9) power plants that GESC intends to tap in providing its customers with baseload, intermediate and peaking power. Also, GESC intends to source power from Wholesale Electricity Spot Market (WESM) and the privatized assets of the National Power Corporation through supply agreement with winning bidders or IPP Administrators.
"The licensing of RES is one critical task that is being done by the ERC to ensure a level playing field in the CREM (Competitive Retail Electricity Market). The screening of applicants is done very carefully to protect the best interest of electricity consumers and enhance the competitive operation of the retail electricity market,” ERC Chairperson and CEO Zenaida G. Cruz-Ducut said.
- https://www.affordablecebu.com/
