Philippines to launch 1st green energy auction

The Philippines is setting the launch of its first green energy auction in mid-2021.National Renewable Energy Board chairperson Monalisa Dimalanta said the country is pushing through with the green energy auction next year.

She said, “The first meeting of the committee set out the work plan for the first auction scheduled by June 2021.”

Last July, Energy Secretary Alfonso Cusi signed the green energy tariff program policy to boost renewable energy development in the country.

The green energy tariff would “provide price signals on the commercial value of electricity generated from RE facilities,” which would be the basis of a benchmark rate for RE in the country.

Meanwhile, the green energy auction would facilitate supply contracting by qualified suppliers with eligible customers under a competitive process.

Initially set at 2,000 megawatts, a higher capacity up for auction is being eyed on the back of strong demand, Dimalanta said.

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