MORE Electric and Power Corp. said Friday it signed a tripartite agreement with the Energy Regulatory Commission and the Iloilo City government to promote renewable energy resources that will make electricity more affordable for consumers in Iloilo.
The agreement allows MORE Power, Iloilo City’s power distributor owned by businessman Enrique Razon Jr., to establish a one-stop shop to offer RE technologies such as net metering and distributed energy resources which provide consumers with more choices of lowering energy consumption.
MORE Power president and chief executive Roel Castro said the agreement with ERC and Iloilo City LGU supports the national government’s thrust to contribute to the global commitments to lower greenhouse gas emissions by popularizing the use of renewable energy resources.
“One of the obligations under the agreement is to have a one-stop shop where applicants and interested parties can come. Our collaboration with the city government has been active for the past three years, and we warmly welcome the involvement of ERC. Being the first in the Visayas to enter into this agreement showcases our strong support for the government,” said Castro.
The ERC will provide the technical and regulatory expertise to streamline the documentary submission, installation, payment and permitting processes of net-metering program.