THE lack of urgency from the Energy Regulatory Commission (ERC) regarding the transition to renewable energy is evident in the prolonged process of determining prices, a key factor that renewable energy (RE) investors are eagerly awaiting.
THE lack of urgency from the Energy Regulatory Commission regarding the transition to renewable energy is evident in the prolonged process of determining prices, a key factor that renewable energy investors are eagerly awaiting.Why is the pricing mechanism so vital for the burgeoning renewable energy sector in the Philippines? Because it would just be chaotic without it.There are two primary objectives in the shift to renewable energy: reliability and affordability.
Excuses abound: supply limitations, low incentives, delays in grid studies and the viability of financial guarantees, which deter investor turnout.BewilderedIndustry stakeholders were bewildered by the GEA 2 prices, which seemed disconnected from the realities of electricity demand and supply, thereby discouraging potential renewable energy projects.GEA 3 holds promise.
Roadblock To Renewable Energy Progress
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.
Marcos appoints Jesse Andres as Energy Regulatory Commission OICLatest Philippine news from GMA News and 24 Oras. News, weather updates and livestreaming on Philippine politics, regions, showbiz, lifestyle, science and tech.
Read more »
Andres named new chairman of Energy Regulatory CommissionDefining the News
Read more »
Marcos appoints Energy Regulatory Commission OICPRESIDENT Ferdinand Marcos Jr. appointed lawyer Jesse Hermogenes Andres as the new head of the Energy Regulatory Commission (ERC), Malacañang announced on Saturday.
Read more »
ERC asked to finalize green energy auction reserve pricesThe Senate asked the Energy Regulatory Commission (ERC) to finalize green energy auction reserve (GEAR) prices so that the auction of renewable energy
Read more »
Addressing regulatory failures in the energy sector to boost foreign investments in PHLThe recent emphasis on the Philippine economy’s growth targets and ambitions to achieve upper middle-income status underscores the vital importance of maintaining a steady pace of economic development.
Read more »
ERC vows to expedite regulatory processThe Energy Regulatory Commission (ERC) committed to speeding up its regulatory process, including the performance audit of the transmission sector, as it
Read more »