posted June 23, 2016 at 11:25 pm by Alena Mae S. Flores
The Energy Department issued a draft
circular requiring electric power companies to source at least 1 percent of
their annual energy demand from renewable energy resources for the next 10
years.
It said the draft circular on
renewable energy portfolio standards or RPS was being adopted to contribute to
the growth of the renewable energy industry by diversifying energy supply.
It said the draft circular was subject to further comments from the
industry.
RPS refers to a market-based policy
that mandates participating companies to source an agreed portion of energy supply
from eligible RE resources.
The department said the rules, once
effective, should be implemented across three power grids provided that the
department issued separate rules for the operationalization of the RPS in
Mindanao until the Wholesale Electricity Spot Market was implemented in the
said region.
The industry participants required
to source not less than one percent of annual demand from renewable energy
include distribution utilities, retail electricity suppliers, generating
companies, distributors within the economic zones and other entities approved
by the department.
No comments:
Post a Comment