Page 6 - Competitive Selection Process News Today

Group raises power 'overpricing' woe to DOE, to seek House inquiry

Published May 15, 2021, 6:00 AM I was invited to the Joint Congressional Energy Commission meeting held last April 27, 2021. I was very encouraged again by the invitation to participate in the JCEC. We submitted to the JCEC the position paper of the consumer advocacy group which I lead, Laban Konsyumer Inc., on the power supply outlook and renewable energy law. Our position paper can be accessed in our website at www.labankonsyumercom. This is the big news on the removal of the Feed in Tariff o...

SunStar + May 13, 2021 PLEASE allow me to react to the incisive article by Mr. Pachico Seares on the issue revolving around Vecos high electricity rates. This is also a commentary on all the players -- business sector, politicians, and other stakeholders -- who are complaining, wanting to investigate, and eventually hoping to bring the rates of Veco down. First off, we are one with these groups in seeking Veco to reduce its power rates. We believe there is always a way to bring cos...

USPLASH Based on average power demand in the Luzon-Visayas grids for January and February, the Philippines’ first quarter 2021 GDP seems to point to a -5% contraction with a -6.7% power demand contraction in January and a -4.8% contraction in February. Data from the Independent Electricity Market Operator of the Philippines (IEMOP) further shows that electricity prices at the Wholesale Electricity Spot Market, the customer effective spot settlement price (ESSP) and load-weighted average price...

BusinessWorld February 23, 2021 | 6:24 pm By Victor Andres C. Manhit Before the COVID-19 (coronavirus disease 2019) pandemic, the country’s grid system operator, National Grid Corporation of the Philippines (NGCP), reported a looming power shortage over the Luzon grid in the summer months of 2020. However, COVID-19 happened. The lockdowns implemented to slow the spread of the virus sent severe shocks throughout the country’s economic sectors. As a result, the Department of E...

EDC among 5 bidders for geothermal, hydro projects on February 17, 2021 at 9:00 pm Five power generators led by Lopez-led Energy Development Corporation (EDC) have submitted bids to the Department of Energy (DOE) in its third Open and Competitive Selection Process (OCSP3), which aims develop renewable energy (RE) projects in the country. The DOE offered a total of 22 pre-determined areas for development, five of them geothermal and 17 hydropower. EDC submitted its bids for the 27-megawatt (MW...

Energy to remain affordable amid transition to renewable sources —DOE By TED CORDERO, GMA News Published January 21, 2021 6:52pm The Department of Energy (DOE) said the cost of electricity will still be affordable as the country plans a shift towards renewable energy (RE) sources. “We are anticipating a shift in our power generation mix, again from one that is coal-centered, to one where renewable energy, natural gas, and other emerging sustainable energy technologies make up two-th...

SunStar Ceneco to contract ‘right amount’ of power, pushes for P1 rate reduction Ceneco acting manager and project supervisor Lawyer Danny Pondevilla answers questions from the media in a press conference at a restaurant in Bacolod City yesterday, January 14) . (Erwin P. Nicavera) + January 15, 2021 Under a new management, the Central Negros Electric Cooperative (Ceneco) has assured the member-consumers of a more transparent and efficient services th...

TAGUIG CITY, Jan 7 -- The Department of Energy (DOE), through the Renewable Energy Management Bureau (REMB), conducted last Tuesday (5 January) the Launching and Pre-Submission Conference to kick-off the start of the 3rd Open and Competitive Selection Process (OCSP3) that will further accelerate the development of renewable energy (RE) in the country.   Under the OCSP3, a total of 22 Pre-Determined Areas (PDAs) covering potential geothermal and hydropower resources have been identified and we...

Published December 22, 2020, 7:00 AM Despite the perceived low capitalization of US$50 million dangled to foreign investors for integrated geothermal resource exploration and power plant development in the country, the Department of Energy (DOE) disclosed that there are no takers yet of the blocks being offered by the government. “We don’t know of any foreign company yet. There were companies that submitted letters of intent – these are two local companies,” DOE Director Mylene Capongco...