DoE considering new RCOA threshold to expand number of contestable customers bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.
Published May 21, 2021, 4:20 PM
The rules for the targeted green energy auction program (GEAP) will be laid down next month, according to the Department of Energy (DOE), but the actual bidding for renewable energy (RE) capacity installations will likely be undertaken second half of the year yet.
Energy Assistant Secretary Redentor E. Delola said the rules on the RE auction is still up for approval by Energy Secretary Alfonso G. Cusi – primarily on the definitive schedule for the bidding and the volume to be offered in the auction process.
‘The volume is dependent on the proposed hike by NREB (National Renewable Energy Board) of the RPS (Renewable Portfolio Standard) requirement,” he stated.
No red alerts expected on Luzon grid during dry months bworldonline.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bworldonline.com Daily Mail and Mail on Sunday newspapers.
Energy Assistant Secretary Redentor E. Delola has called the attention of the generation companies (GenCos) on “a lot of plant outages in the past few weeks.” At this rate, Delola is not optimistic of a brownout-free summer season.
“Considering the existing maintenance schedules of plants, we may have to realign our activities for the year to ensure the level of sufficient supply,” he said, adding that some of the plant downtimes could stretch into the summer.
The DOE does not see an encouraging power supply system, especially given forecasts of economic recovery this year.
And for that, the DOE summoned the power firms this early so they can sort out preparations in the entire supply chain before demand would pick up during the hotter months.