Power

NEA to electric cooperatives: Ensure timely conduct of biddings

The National Electrification Administration (NEA) has issued a memorandum, remining all electric cooperatives (ECs) in the country to ensure the timely conduct of the competitive selection process (CSP) in procuring their power supply requirement.

NEA Administrator Edgardo Masongsong said “ECs with expiring power supply agreements (PSAs) in three to five years can start the conduct of CSP on power supply procurement to ensure continuous and sufficient power supply.”

Under the CSP, the electric co-ops must conduct a bidding in theprocurement of power supply agreements for the captive market to ensure transparency and fair competition and full public accountability.

An attached agency of the Department of Energy (DOE), the NEA has the supervisory powers over 121 ECs as mandated under the National Electrification Administration Reform Act of 2013.

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