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Aboitiz Power Corp. underscored the need to maximize high-generating non-renewable sources like conventional coal power plants with a capacity factor of 57.5 percent to 68.5 percent to address the country’s growing power demand.
Aboitiz said natural gas and nuclear capacities should be further explored as other viable options. “Today’s math is based on incomplete accounting, using the levelized cost of electricity or LCOE as opposed to accounting for the intermittency and lack of resource in solar and wind during different times of the day and year,” Aboitiz said during the recent Asia Power Forum.
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