By: Riza T. Olchondra 12:22 AM
June 24th, 2016
As part of efforts to wean the
country off coal- and oil-based fuels, the Department of Energy (DOE) would
soon direct distribution utilities to get a certain percentage of their power
supplies from renewable energy (RE) sources.
The DOE was expected to finalize
“soon” the circular, which would contain the Renewable Portfolio Standards,
after it has finished several rounds of public consultations.
Section 3.c. of the draft paper
requires that the utilities must source not less than one percent of their
yearly requirements from renewable energy. Renewable energy sources include
biomass power, waste to energy technology, wind energy, solar energy, run of
river hydropower sources, impounding hydropower sources that meet
internationally accepted standards, ocean energy, hybrid systems (diesel-solar,
among others), geothermal energy, and other technologies that may be later
identified by the DOE.
The circular also mandates the
creation of an RE Market where supply certificates will be traded.
Compliance with the standards will
not be mandatory initially. There will be a transition period of one year from
the start of the RE Market. The period will allow the participants to prepare
all information and data required in the establishment of the market.
“Upon the lapse of the transition
period, mandatory compliance with the RPS shall commence,” the DOE circular
said.
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