SM Prime Holdings, Inc. (SM Prime) joined the Interruptible Load Program (ILP) of MORE Power, the distribution utility in Iloilo City, to help address the pressing energy crisis in the country.
The ILP agreement between SM Prime and MORE Power, which was signed on Tuesday, April 30, is poised to make significant strides in alleviating the strain on the Visayas grid which has been grappling with yellow and red alert statuses due to thin energy reserves.
ILP is the demand side management program implemented by MORE Power where companies with big load of electricity such as SM Prime will temporarily disconnect from the distribution utility during energy shortfall. Instead, they will run their own generators and/or reduce operations so that the power supply intended for them will be shifted to those who does not have generators, thus mitigating the shortage.
“In times of crisis, it is crucial for businesses to collaborate with utilities and government agencies to ensure the stability of our energy supply,” remarked Engr. Teodoro S. Bautista, Vice President – Operations, SM Engineering Design and Development.
In a press conference last April 25, the Department of Energy emphasized that the country’s power situation has reached crisis levels, highlighting the urgent need for actions like this. The ILP agreement between SM Prime and MORE Power couldn’t have come at a more crucial juncture, as forecasts predict a worsening scenario in May with rising temperatures and escalating consumer demand for electricity.
“We recognize the gravity of the situation and are committed to doing our part in supporting the nation’s energy resilience,” stated Roel Z. Castro, President, and CEO of MORE Power.
The ILP serves as a beacon of cooperation between the private and public sectors in addressing the energy shortfall. By voluntarily reducing their electricity consumption during peak hours or when grid stability is threatened, participants like SM Prime play a pivotal role in stabilizing the energy supply and averting potential blackouts.
“SM Prime’s commitment to the ILP underscores its profound dedication to corporate responsibility and the welfare of the nation. By actively participating in initiatives geared towards enhancing energy resilience, we hope we’re able to encourage other businesses to join in these crucial efforts,” added Engr. Bautista.
In light of the ongoing energy crisis, such collaborative efforts between industry leaders and utilities like MORE Power are not only commendable but also imperative for safeguarding the nation’s energy security. As the country braces for the challenges ahead, partnerships like these offer a glimmer of hope amidst uncertain times.
