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Manila Bulletin devider Business devider ERC sets FGD, preliminary studies on rates for next RE capacity auction

ERC sets FGD, preliminary studies on rates for next RE capacity auction

Published Oct 10, 2023 07:23 am

At A Glance

  • The RE capacity-energy storage tandem in the GEA 2.1 bid round will not only address the country's RE installations ramp up, but will also manage stability in the grid due to integration of massive variable capacities.

The Energy Regulatory Commission (ERC) has already kicked off focus group discussion (FGD) and preliminary studies for the next round of green energy auction (GEA) that will integrate both renewable energy-generated capacities and energy storage systems.

According to ERC Chairperson Monalisa C. Dimalanta, the actual process on setting the green energy auction reserve (GEAR) prices for the unsubscribed capacity in the last GEA has yet to commence; and the stakeholder-inputs in the FGD and preliminary studies shall be considered in the calculation of the tariffs for the capacities that will be placed on tender.

The volume of RE capacities planned to be auctioned by the Department of Energy (DOE) next year will cover those that had not been subscribed to by participants in the 2nd GEA that was concluded last July.

Out of the 11,600-megawatt capacity offered, only 3,581MW had officially cornered bids from investors, thus, the DOE will need to re-offer roughly 8,000MW of unsubscribed capacity, for what the agency calls the GEA 2.1 bid round.

Energy Undersecretary Rowena Cristina L. Guevara indicated that the DOE has already initiated talks with the ERC on GEAR rate-setting that will factor in not just RE capacity, but also energy storage system (ESS) in the package.

“What we’re looking at in GEA 2.1 is the need to stabilize the grid, that’s why we will need to include energy storage in the bidding,” she emphasized.

The DOE official explained that “since there would already be massive RE capacities being injected into the grid, there would be a lot of variability that can stress the system, so we will need to stabilize the grid with energy storage .”

She said that will definitely warrant re-adjustment in the calculation of the GEAR prices for the RE technologies to be offered, thus, that is the focal point of discussion that the energy department has been sorting out with the industry regulator at this point.

“The GEAR tariffs will definitely be adjusted because of the ESS … we’re still discussing that with the ERC,” the energy official stressed.

In the last RE auction, prospective investors generally complained  of low GEAR prices that had been set by the ERC and that reportedly prompted the very low turnout in that batch of RE capacity bidding.

The ERC, nevertheless, argued that it had solid basis in drawing up the GEAR prices - including those on cost adjustments relating to the escalated prices of materials and equipment.

 

 

Related Tags

Department of Energy renewable energy Energy Regulatory Commission RE auction
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