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Published March 12, 2021, 2:04 PM
Currently at the fingertips of consumers are technologies and suite of solutions that must satiate their changing preferences on energy usage – thanks to the government-underpinned policy enforcements that are really putting ‘end-users at the head of the table’ when it comes to decisions in choosing their preferred electricity supplier.
And to the power industry players, it comes as a new challenge to them how to convince consumers to select the relevant solutions not just to meet their electricity service requirements, but for them to contribute to the lofty goal of easing off climate change risks and preserving planet Earth.
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 (LWAP) remain low in January and February, reflecting low demand relative to supply (see Table 1).
The indefinite lockdown policy of the government, turning exactly one year this coming March 15, remains the single biggest source of business uncertainties and economic contraction.
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Why Push Offshore Wind?
Of all the renewable technologies, available, offshore wind offers a best chance at a utility level scale, that can support a significant baseload. Thanks to government incentives, technological advances, economy of scales, reduction in cost, low interest rates and pressures on energy companies to transition towards cleaner energy, today, European offshore wind is a mature industry with more than 22 GW by end of 2019. So, what about prospects of offshore wind energy in USA?
The US offshore wind market is expected to grow several-fold increase in capacity, from 2020 levels of (42 MW) to estimated ~28 GW by 2030 from at least 34 projects in the development pipeline in the North Eastern United States and west coast
The 414-megawatt San Gabriel gas-fired power plant of First Gen Corporation has been synchronized back to the grid this week, following a five-month shutdown due to the technical glitch it suffered from since five months ago.
In a disclosure to the Philippine Stock Exchange (PSE), the Lopez firm