As consumers of electricity with PTSD from blackouts and brownouts due to lack of supply, we should support an “all-of-the-above” approach to adding more capacity to the grid, but as shareholders and investors, there may come a period in the future where these full-throttle plans will come face-to-face with each other and we end up with a glut of cheap spot-rate electricity during the day when the sun is shining.
Until then, though, it’s full-speed ahead, and contracts like this will definitely help SPNEC build up its balance sheet while it expands and pursues similar supply contracts in the Luzon region.
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