The Energy Regulatory Commission is looking to resume the commercial operations of the reserve market before the end of this month.
“We are hoping for that. The resumption is always tied to the billing cycle, which is the 26th of the month to the 25th of the following month,” ERC chairman and CEO Monalisa Dimalanta told The STAR.MANILA, Philippines — The Energy Regulatory Commission is looking to resume the commercial operations of the reserve market before the end of this month.
The reserve market, integrated into the wholesale electricity spot market, aims to optimize schedules and prices for energy and reserve needs, promoting competition and affordability while ensuring grid security and reliability. “There are still several questions the methodology that the commission needs to resolve. Plus, we are also conducting a public consultation on the offer floor and price cap for the reserve market,” Dimalanta said.
The decision to allow the settlement of 30 percent of the transaction amounts was said to have been made to ensure continuous operations of power generators providing reserves in the system. The Sy family will not cut back on investments and expansion for its shopping center developments amid the online shopping...
The government’s push to install fiber assets across the Philippines will make little to no impact in improving broadband...
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Energy transition won't happen; power-hungry cloud and AI will require more energy than everFirst word
Read more »
'Indigenous gas devt bedrock of energy future'PRIME Energy Resources Development (Prime Energy) said that indigenous gas development must remain an integral part of the Philippine energy policy to attain national energy security.
Read more »
Coal-based energy enough for RE transitionTHE Philippines has enough energy generated from coal to prevent power outages and help the country transition to renewable energy (RE), the chief of the Department of Energy (DoE) said.
Read more »
Aboitiz Power pushes balanced energy transitionDefining the News
Read more »
DoE sets goal for small modular reactorsENERGY officials hope to generate 2,400 megawatts of power using small modular reactors (SMRs) by 2032.
Read more »
Solar power can be your super powerLatest Philippine news from GMA News and 24 Oras. News, weather updates and livestreaming on Philippine politics, regions, showbiz, lifestyle, science and tech.
Read more »