Tuesday, December 20, 2016

Electricity market could open June, 2017



Published December 7, 2016, 10:00 PM By  Antonio L. Colina IV

Davao City — The electricity market in Mindanao, which is expected to effectively address the oversupply of electricity in the island grid, could be operational as early as June next year, an official of the Mindanao Development Authority (MinDA) said Wednesday.
MinDA deputy executive director Romeo Montenegro told a press conference on Wednesday said that the agency will start to engage the distribution utilities and the 33 electric cooperatives in a series of training and capacity-building starting next year to educate them how the electricity market works.
He said that Mindanao grid will follow the rules set for the now defunct Interim Mindanao Electricity Market (IMEM), but with some modifications to efficiently address oversupply.
He said that the IMEM was instituted in 2013 to provide a mechanism wherein the energy players can sell off their extra capacities to help other distribution utilities fill in the supply gap.

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