Published
By Myrna M. Velasco
The “Green Energy
Matching Committee” (GEMC) of the Department of Energy (DOE) will be
spearheading the auction of the capacity that shall form part of the power
distribution utilities’ compliance to the renewable portfolio standards (RPS),
or the policy requiring percentage of renewable energy (RE) in the country’s
power mix.
The energy department
noted the “auction committee” shall administer competitive bidding for RE
capacities that shall be qualified under the RPS rules of the government.
The National Renewable
Energy Board (NREB) previously indicated that the initial capacity to be bidded
out will be for 2,000 megawatts of RE capacity, including the stranded capacity
for solar and biomass – or those projects that had not been able to qualify
under the last batch of feed-in-tariff (FIT) incentives.
The energy department announced to stakeholders that it shall be forming the
GEMC for RE capacity bidding. That body shall comprise of members to be
designated from the DOE’s Electric Power Industry Management Bureau (EPIMB) and
the Renewable Energy Management Bureau (REMB).
Under the RPS, certain
volume or capacity level from RE resources shall be procured by distribution
utilities (DUs) to form part of their overall supply portfolio. That volume is
seen incrementally increasing over the years.
The RPS-underpinned
procurement of RE capacity, as stipulated in a draft Circular of the DOE, shall
be carried out in keeping with the prescribed green energy pricing that shall
be set in coordination with the Energy Regulatory Commission.
“Qualified RE projects
can voluntarily participate by offering all or a portion of the electricity
generated by their RE facilities as peak/off-peak baseload supply with
corresponding price offers set on a quarterly basis,” the energy department has
set out.
It added that the “green energy price” shall be set within the duration of the
RE power supply agreement (RE-PSA) based on the terms of the capacity auctioned
under the RPS.
To entice participants
in the RE capacity auction, the DOE is dangling the proposed “green energy
pricing” as reference tariff for project developers that will be tendering
their capacities for the RPS.
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