The success of the 2022 green energy auction has paved the way for the Department of Energy Technical Working Group (DOE-TWG)_to prepare for the 2nd Green Energy auction scheduled in June 2023.
Like the first (2022) auction, the Green Energy Auction Program (GEAP) is being tasked “to support and facilitate immediate and timely investments in new or additional renewable energy capacities to ensure provisions of adequate supply and competitive rates of electricity in the country.”
Green Energy Auction -2, “aims to ensure transparent and competitive selection of renewable energy facilities to achieve reasonable rates and encourage, as far as practicable, the renewable energy entrants in the system.”
The 2022 auction was successful because it generated almost 2,000 mega watts (MW) of capacities that were committed to deliver energy from 2023 to 2025 at a competitive price lower than or equal to the GEAP prices set by the ERC.
The DOE wishes the adoption of the differentiated tariffs for different RE technologies such as floating, solar, ground mounted solar, and roof mounted solar. For the wind, we have onshore and offshore.
MY COMMENT:
Earlier, I suggested that those who are into renewable energy ventures should explore potential sites for wind onshore and offshore REs. Having been to Eastern Samar, on research and speaking missions, I found that the coastal town of Guiuan is worth exploring/studying for its potentials for wind and wave generated energy. It should be noted that typhoons entering the Philippine Area of Responsibility (PAR) hit Guiuan, add to this the ‘perpetual’ wind and wave actions emanating from the Pacific Ocean.
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