Think tank seeks removal of automatic pass-through fuel cost from power deals [BusinessWorld]
by Beatriz Marie D. Cruz | September 3, 2023| Published by BusinessWorld | READ THE STORY HERE The Government needs to remove pass-through fuel cost clauses in power purchase agreements (PPAs) in order to lower electricity prices, an energy policy think tank said. “The automatic fuel cost pass-through provision is really what causes the high cost of electricity,” Alberto R. Dalusung III, Energy Transition Advisor of the Institute for Climate and Sustainable Cities (ICSC), said in an e-mail. “Amending the EPIRA (Electric Power Industry Reform Act) only (addresses) a small portion of the price burden,” Mr. Dalusung [...]
DOE, ICSC: RE, not baseload coal, will best address PHL energy needs
MANILA, 06 April 2022 – The Department of Energy (DOE) and the Manila-based policy group Institute for Climate and Sustainable Cities (ICSC) reiterated today that renewable energy sources – through flexible, distributed generation – best suit the power generation needs of the Philippines. “Renewable energy can definitely compete with coal. In the renewable space, you only pay for the cost of developing, and naturally, the supply is available for use. This is why the DOE is looking for strategies to buy down the cost of RE in the country, not just in the investment side but also for the consumers,” [...]