The Department of Energy (DoE) said red and yellow alerts are likely on the grid in early 2023, under a scenario that assumes the loss of the output of a key power plant in Batangas City. READ:
In a virtual briefing, Energy Secretary Raphael P.M. Lotilla said during a forum organized by the Economic Journalists Association of the Philippines that the power outlook in 2023 is looking “difficult” if the Ilijan gas-fired plant does not operate following the end of its Malampaya gas supply deal.
The 1,200-megawatt Ilijan plant is due to start using imported gas after the end of its Malampaya supply deal. Plant operator San Miguel Corp. has said that a liquefied natural gas terminal from which Ilijan plans to tap fuel will be operational by February. The DoE, in its presentation, forecast 17 yellow alerts and three red alerts. The red alerts are expected in May and June.
Yellow alerts are issued when reserves fall below a designated safety margin. Red alerts are issued when the supply-demand balance worsens further, signaling the possibility of rotational brownouts.
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.
Energy chief: 2023 power supply conditions look 'difficult'“In 2023 the situation is a bit difficult especially in the summer months. The scenario…shows several yellow alerts and possible red alerts in 2023,” the DOT chief said.
Read more »
EPIRA amendments urged to allow government role in power auctions - BusinessWorld OnlineThe power industry law needs to be amended to allow the government to play a role in power auctions, a senior legislator said. READ:
Read more »
‘Shoppertainment’ beats advertising when it comes to wooing online consumers, says TikTok - BusinessWorld OnlineBy Brontë H. Lacsamana, Reporter FILIPINO consumers prefer authentic and entertaining marketing strategies over polished advertisements, giving rise to an approach that puts entertainment first and commerce second, a study showed. A 2022 study on the new opportunities in e-commerce conducted by TikTok and the Boston Consulting Group (BCG) found that exaggerated, picture-perfect advertisements usually fail to […]
Read more »
Canada’s economy has scope to slow with ‘exceptionally high’ vacant jobs — central bank gov - BusinessWorld OnlineTORONTO — Bank of Canada Governor Tiff Macklem said there is scope to slow the economy based on an “exceptionally high number” of job vacancies in the labor market. In an interview aired on CBC Radio on Sunday, Mr. Macklem said the current inflation fight is the biggest test the central bank has faced since […]
Read more »
An alternative approach to agriculture - BusinessWorld OnlineIN ITS MAY 21, 2022 cover story on India, the Economist noted that the Indian government used a direct, real-time, digital welfare system to pay $200 billion over three years to about 950 million people. How did this come about?
Read more »