There may even be a greater risk in the political maneuverings to gain control in the power sector. Know more:
People talk about risks—but has there been a recent study on the advantages and disadvantages of the use of nuclear plants after considering improvements in technology?There may even be a greater risk in the political maneuverings to gain control in the power sector. At this time, this non-stop attack on Electric Power Industry Reform Act and National Grid Corp.of the Philippines is a good example of political risks in business.
So far, only Sen. Escudero seems to appreciate the need to temper the emotions of other politicians because we may be missing the bigger picture. How can we entice investors to put up additional capacities if the political risks can wipe out their investments once a new political administration takes over.The red and yellow alerts can be caused by anything—accidents or acts of sabotage to transmission facilities and by the consistent lack of available generation capacity.
For the most part, this lack of capacity has been the main reason, but the blame is intentionally or unintentionally attributed to NGCP for its alleged failure to contract the required ancillary capacities. However, the lack of ancillary services can also be traced to lack of capacity as well. After all, our energy demand and ancillary requirements come from only one source—the capacity market.
Question is, under EPIRA, who is responsible for the build up of capacities? Section 37 of EPIRA very clearly points to the Department of Energy. While it is true that the systems operator is responsible for acquiring ancillary services, it is also assumed that there is adequate capacity to serve both energy demand and reserve requirements.
We have been in the same situation for a long time now. Stop finding faults and be Constructive, rather than putting the blame on others, or, even take back transmission operations—something planned and approved by previous administrations. These are also covered by a concession agreement and a congressional franchise.
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