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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