THE Department of Energy (DoE) is finalizing its policy on the auction of green energy to promote the use of renewable energy (RE) in the Philippines. In a text message to The Manila Times, Mylene Capongcol, director of the DoE’s Renewable Energy ...
THE Department of Energy is finalizing its policy on the auction of green energy to promote the use of renewable energy in the Philippines., Mylene Capongcol, director of the DoE’s Renewable Energy Management Bureau, said they “have consolidated comments [for the proposed rules, which] will be finalized for endorsement to” Energy Secretary Alfonso Cusi.
The draft circular on these rules has two components: green energy tariff and green energy auction. The former provides price signals on the commercial value of electricity generated from RE facilities. The Energy Regulatory Commission will set the tariff and price cap. Interested RE developers may offer their capacity to distribution utilities and retail electricity suppliers that are mandated to secure a certain percentage of their power needs from eligible RE sources.
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