Experts warn that the El Niño phenomenon will persist until the second quarter, making next year tougher for the power sector. The Department of Energy has introduced policy reforms to address issues in the power sector, including the Green Energy Auction and revised rules on Renewable Portfolio Standards. The renewal of the Malampaya service contract is also expected to unlock the potential for more natural gas.
This year's push for renewable energy (RE) transition has undeniably made progress, but next year appears to be tougher for the power sector as experts warned that the El Niño phenomenon will persist until the second quarter. The policy reforms introduced by the Department of Energy (DOE) this year addressed some of the issues faced by the generation, transmission and distribution components of the power sector , says the agency's secretary Raphael Lotilla.
These include the second round of the Green Energy Auction (GEA2); the revised rules on Renewable Portfolio Standards (RPS) for on-grid and off-grid areas; and the agreement with the United States on the peaceful use of nuclear energy. More important, the renewal of the Malampaya service contract would unlock the potential both in the existing gas field and nearby prospect areas believed to hold up to 210 billion cubic feet more of natural ga
Renewable Energy Power Sector El Niño Policy Reforms Department Of Energy Green Energy Auction Renewable Portfolio Standards Malampaya Service Contract Natural Gas
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