Power industry stakeholders are investing heavily in renewable energy (RE) projects, but they urge the government to expedite the implementation of existing policies and guidelines. While supply is expected to improve in 2025 due to new thermal and RE plants, concerns remain about grid stability and the integration of energy storage systems. The Department of Energy (DOE) has included Integrated Renewable Energy and Energy Storage System (IRESS) in the Green Energy Auction (GEA4), but the auction date is yet to be announced.
WHILE power industry stakeholders keep investing to help government achieve renewable energy (RE) goals, they raised a common concern—to execute, as soon as possible, the policies and guidelines that are already in place. In separate interviews, top officials of power firms said supply this year is going to be “better” given the number of projects under development and nearing completion.
“As for supply-demand outlook, we expect a better supply situation in 2025 given the operational commencement of large thermal plants. We also expect new renewable energy plants to come online starting this year,” ACEN Corp. President Eric Francia said. Among others, the main concern of the power generation arm of conglomerate Ayala Corp. is grid stability. “Given the variable nature of renewables, we need to step up efforts to integrate more energy storage into the grid,” he said, referring to battery energy storage systems (BESS). Solar and wind, for instance, when paired with BESS, could store power and dispatch it when needed. The Department of Energy (DOE) hears this and has, in fact, included Integrated Renewable Energy and Energy Storage System (IRESS) in the fourth round of Green Energy Auction (GEA4). However, actual auction has not been determined yet. In fact, the long-awaited GEA3 was pushed back from the original target completion date last year. The DOE defines IRESS as a comprehensive energy solution that combines RE technology with energy storage systems, resulting in a more consistent and efficient supply of power. Meralco PowerGen Corp. (MGen), the power generation arm of electricity distribution giant Meralco, also expects “2025 to be a better year in terms of supply and reserve margins.” MGen president Emmanuel Rubio believes the grid will have sufficient supply this year given the entry of Excellent Energy Resources Inc. (EERI) and a number of solar plants, including some of MGen facilities in the nort
RENEWABLE ENERGY POLICY IMPLEMENTATION GRID STABILITY ENERGY STORAGE GREEN ENERGY AUCTION
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