OPINION | Power demonopolization, privatization, and smuggling By Bienvenido S. Oplas, Jr. READ:
One, it came just five days after a successful business roadshow by the Marcos Jr. administration in Jakarta and Singapore where some $14.4 billion of pledged investments to the Philippines were announced. When those big foreign investments come, they will need a huge power supply and yet the Philippines still experiences yellow-red alerts of thin power reserves and potential blackouts until now.
And, three, it highlighted once again NGCP’s non-compliance with Department of Energy Circulars on contracting ancillary services to help ensure grid stability when there are unforeseen generation or transmission problems.“DoE to investigate forced outages that raised red alert over Luzon” , and “NGCP ‘in discussions’ with DoE to ensure adequate power supply” .
Also last week, the Independent Electricity Market Operator of the Philippines held a media briefing on power supply demand and pricing in the Wholesale Electricity Spot Market . There are three things I want to highlight from the IEMOP data. And, three, intermittent, unstable and unreliable wind, solar, and biomass continue to generate very low power until today, only about 3% of total power generation in June-August 2022, 13 years after the Renewable Energy law of 2008 was enacted.
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Martial law documentary film '11,103' premieres at Bantayog ng mga Bayani on Sept. 21The documentary '11,103' features riveting personal accounts of martial law survivors. It is set to premiere in NYC in time for FM Jr.’s state visit.
Read more »
Eala: Joining US Open a last-minute decision“I would say that the US Open was more of a last-minute decision. I only decided to go through with only a couple of weeks before,” said Eala when she recalled her life-changing decision to pick up a racquet and go with it. READ:
Read more »
Nearly half of Filipinos believe life will improve in 2023, SWS survey foundThe survey was the last one conducted under the administration of President Rodrigo Duterte.
Read more »