SM Prime Answers National Call, Signs ILP Agreement with MORE Power

PHOTO by Paulo Alcazaren

In a timely and critical move, SM Prime Holdings, Inc. (SM Prime) has stepped up to address the  pressing energy crisis in the Philippines by signing the Interruptible Load Program (ILP) with MORE  Power Iloilo, the distribution utility in Iloilo City. The agreement, inked on April 30, 2024, 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. 

"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.
Zach Golez

A lifestyle blogger based in Iloilo City

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