The Energy Regulatory Commission (ERC) has set this year’s installed generating capacity (IGC) and market share limitation (MSL) for both the national and regional grids.
The regulatory body sets the limits annually and may adjust them as necessary based on the maximum capacity of generation facilities envisioned by the Electric Power Industry Reform Act (EPIRA) of 2001, which has clauses to prevent power monopolies. Under the EPIRA 2001, no company can own, operate or control more than 30 percent of the IGC of a grid and/or 25 percent of the national IGC.
The IGC for the national level in 2025 has been set at 27,096,046 kilowatts (kw) and the MSL at 25 percent or 6,774,012 kw, the ERC announced Monday.
The agency specified the following regional limits for 2025: For Luzon, its 2025 IGC is at 19,419,592 kw but the MSL is 30 percent or 5,828,878 kw. For Visayas, the IGC is set at 3,383,868 kw and the MSL is 30 percent or 1,015,160 kw. Mindanao’s IGC is at 4,292,586 kw and MSL is 30 percent or 1,287,776 kw.
By the end of 2024, San Miguel Corp. (SMC) has become the leading power generation company, with 6,079,606 kw, equivalent to a 22.44-percent share of the national IGC and market share.
SMC has 5,519,046 kw (28.42 percent), in Luzon; 180,670 kw (5.34 percent) in Visayas; and 378,890 kw (8.85 percent) in Mindanao.
Aboitiz Equity Ventures Inc. (AEV) is second with 5,894,514 kw or 21.75 percent share in the national level; 4,797,884 kw (24.71 percent) in Luzon; 457,800 kw (13.53 percent) in Visayas; and 638,830 kw (14.88 percent) in Mindanao.
First Gen Corp. is third with 3,582,990 kw or 13.22 percent share in the national level; 2,688,000 kw (13.84 percent) in Luzon; 785,000 kw (23.20 percent) in Visayas; and 109,990 kw (2.56 percent) in Mindanao.
The Manila Electric Co. (Meralco) is fourth with 1,467,339 kw or 5.42 percent share in the national level; 775,759 kw (3.99 percent) in Luzon; and 691,580 kw (20.44 percent) in Visayas; and without any capacity in Mindanao.
Ayala Corp. has 1,431,332 kw equivalent to 5.28 percent in the national level; 1,257,032 kw (6.47 percent) in Luzon; 174,300 kw (5.15percent) in Visayas; and without any capacity in Mindanao.
By the end of 2023, ERC said that AEV had the biggest market share followed by SMC. In the same period, First Gen was still in third place but Ayala Corp. was fourth and Meralco was fifth.
