The Energy Regulatory Commission (ERC) has released over the weekend the ceiling rate for the second round of Green Energy Auction Program (GEAP) scheduled in June. Know more:
The Energy Regulatory Commission has released over the weekend the ceiling rate for the second round of Green Energy Auction Program scheduled in June.
The preliminary GEAR price for waste-to-energy will be released later prior to the public consultations scheduled on May 11 for Luzon stakeholders, May 15 for Visayas, and May 16 for Mindanao. “The issuance is pursuant to DOE DC 2021-11-0036, Providing the Revised Guidelines for the Green Energy Auction Program in the Philippines, where the ERC shall determine the GEAR Prices which are the maximum price offers in per kWh that shall be used as the ceiling price in the auction,” the ERC said.
The Department of Energy , meanwhile, has scheduled a pre-bid evaluation of registration documents on May 15 and targets to complete it by May 17. Disqualified bidders will be notified. However, they can still request for reconsideration.
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