The Pampanga Chamber of Commerce and Industry Inc. (PamCham) has issued a strong appeal to the Energy Regulatory Commission (ERC) to expedite the approval of the Joint Power Supply Agreement (PSA) between San Fernando Electric Light and Power Company, Inc. (SFELAPCO) and Aboitiz Power.
The request comes amid mounting concerns over the delayed approval, which is exacerbating power supply instability and creating financial strain on businesses in the City of San Fernando, Pampanga.
In a letter addressed to ERC Chairperson and CEO Monalisa Dimalanta, PamCham emphasized the urgent need for a swift resolution. The Chamber highlighted that while the PSA between SFELAPCO and Masinloc Power Partners Co. Ltd. (MPPCL) was approved and implemented in July 2024, the corresponding agreement with Aboitiz Power remains pending. As a result, SFELAPCO is forced to procure 67% of its power from the volatile Wholesale Electricity Spot Market (WESM), leading to unpredictable electricity rates and significant operational challenges for local businesses.
PamCham President Teresa David-Carlos and Past President & Director for Infrastructural Development Renato Romero underscored the critical impact of these volatile power rates on the local economy. They stressed that the uncertainty surrounding the PSA’s approval has made it difficult for businesses to plan effectively, risking potential setbacks to the city’s economic growth and stability.
The Chamber’s leadership reiterated that a reliable and affordable power supply is essential for maintaining a conducive business environment, which directly affects the livelihoods of thousands in the city. They urged the ERC to provide an explanation for the delay and a clear timeline for the approval of the PSA with Aboitiz Power.
PamCham’s proactive stance in this matter highlights its essential role in safeguarding the interests of the local business community and ensuring that the city’s economic environment remains robust and competitive.