A trial run on the implementation of a power reserves market, which is meant to boost the country’s ancillary services (AS), will be conducted next year, an official of the Department of Energy (DOE) said last week.
A TRIAL run on the implementation of a power reserves market, which is meant to boost the country’s ancillary services , will be conducted next year, an official of the Department of Energy said last week.
“By next year, the trial run of the reserve market will begin. It’s a chicken-and-egg situation. We don’t have enough ancillary service because we still don’t have the reserve market and that’s because there is not enough ancillary service. So now, we will start next year and the hope is that we will encourage more ancillary services to come in,” said DOE Undersecretary Rowena Cristina Guevara said.
According to the agency, the reserve market allows for the trading of AS necessary to support the transmission of capacity and energy from resources to loads, while maintaining the reliable operation of the transmission system. The Independent Electricity Market Operator of the Philippines earlier said that preparations for the launch of reserve market are already taking place.
To help the DOE steer the implementation of the reserve market, IEMOP has kicked off the reserve market mock operations program, which aims to enable market participants to have a feel of the market environment by allowing them to perform their expected roles and responsibilities upon commercial operations of the reserve market.
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.
DBP bags regional award for energy efficiency program - BusinessMirrorState-owned Development Bank of the Philippines (DBP) was recognized by an international association of development banks and financial institutions for its efforts to promote energy efficiency in the country, a top official said. DBP President and Chief Executive Officer Emmanuel G. Herbosa said that the Bank’s Energy Efficiency Savings Financing Program (E2SAVE) was awarded
Read more »
DOTr, DOST to integrate cashless payment in transport systems nationwideMANILA, Philippines — The Department of Transportation (DOTr) and the Department of Science and Technology (DOST) signed an agreement integrating cashless payment technologies in mass
Read more »
DOTr, DOST to integrate cashless payment in transport systems nationwideThe Department of Transportation and the Department of Science and Technology signed an agreement integrating cashless payment technologies in mass transportation systems nationwide. | zacariansINQ
Read more »
Congressman seeks review of travel, transport allowance for local government workers - BusinessWorld OnlineTHE GOVERNMENT should update the travel and transportation allowance rates for civil servants in local governments, a move that could help boost the tourism sector, a senior legislator said. House Ways and Means Chair Jose Ma. Clemente S. Salceda called on the Department of Budget and Management (DBM) and the Department of Interior and Local […]
Read more »
DBM, DILG urged to update LGU RATA, per diem rates to boost local tourismAlbay Representative Joey Salceda on Saturday urged the Department of Budget and Management (DBM) and the Department of the Interior and Local Government (DILG) to update the rates of the daily travel allowance and the representation and transportation allowance (RATA) of local government officials to boost local tourism.
Read more »
DSWD starts relief ops in flooded Visayas, Mindanao areasOn Christmas day, the Department of Social Welfare and Development started its relief operations in provinces in Visayas and Mindanao affected by flooding brought by nonstop rains, Malacañang said. | DYGalvezINQ
Read more »