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,” [...]
Profiting from outages
Windfall earnings from spot market spikes go to a blessed few, while the public chafes under rising electric bills. by Atty. Pedro Maniego Jr. | March 26, 2022 | Published by BusinessMirror | READ THE STORY HERE POOR Filipinos. On top of their suffering from the pandemic, they have to cope with ever-increasing electricity prices. Lower economic activity during the lockdowns resulted in lower power demand. But why did electricity costs remain high during this period? The higher rates are mainly traceable to higher spot market prices. Theoretically, available base load supply is more than enough to meet current [...]