By Danessa Rivera (The
Philippine Star) | Updated June 24, 2016 - 12:00am
MANILA, Philippines - The Department
of Energy (DOE) issued yesterday the draft rules for the much awaited Renewable
Portfolio Standards (RPS), which mandates power industry players to produce and
source a certain percentage of electricity from renewable energy (RE) sources.
The DOE published the draft circular
posted on its website, which will cover all distribution utilities (DUs),
licensed retail electricity suppliers (RES), local RES, suppliers of last
resort (SOLR), generating companies and authorized distributors in economic
zones.
Currently, the DOE is collating
comments from industry stakeholders for the draft rules, OIC Undersecretary
Mylene Capongcol said in a text message.
“We will discuss thereafter on the
next steps,” she said.
As defined under the Renewable
Energy Law of 2008, the RPS refers to a market-based policy that requires
electricity suppliers to source an agreed portion of their energy supply from
eligible RE sources.
These sources include RE
technologies such as biomass, waste-to-energy technology, wind energy, solar
energy, run-of-river hydropower sources, impounding hydropower sources, ocean
energy, hybrid systems and geothermal energy.
Under the draft circular, the RE
generation targets will be determined by the National Renewable Energy Board
(NREB), the advisory body tasked with the effective implementation of RE
projects in the country.
The targets will be reviewed by the
DOE in coordination with NREB and in consultation with the stakeholders every
two years, the circular stated.
A Renewable Energy Market (REM) will
also be formed “to facilitate the issuance, commercialization and verify
compliance with the annual RPS requirement,” the circular read.
Once REM is established, the DOE said
a transition period of one year will be in place tp “ensure an orderly,
efficient and effective imposition of the RPS rules.”
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