agilaplay Third green power auction delayed until January

FILE PHOTO: Department of Energy (DOE) facade. Images from DOE / INQUIRER FILES

The long-awaited third round of the government’s Green Energy Auction (GEA-3) may be pushed back by January next year, an official at the Department of Energy (DOE) said on Thursday.

The DOE’s initial target was to complete the GEA-3 within the year.

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Mylene Capongcol, director of the DOE-supervised Renewable Energy Management Bureau, told reporters that the Energy Regulatory Commission (ERC) has yet to release its price determination methodology for the GEA’s reserve price.

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Capongcol was referring to the maximum price offers set for the bidding, which is one of the items required to pursue the program’s latest edition.

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But ERC Chair Monalisa Dimalanta said regulators were still in the process of determining the price, with the goal of finalizing and releasing the information “this month.”

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The new round of bidding of concessions to build clean power projects will focus on geothermal, impounding hydro and pumped-storage hydro, and run-of-river hydro.

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According to Capongcol, many energy players have already expressed their intention to participate in the bidding, which includes conglomerate San Miguel Corp. of billionaire Ramon Ang.

Also, a top official of listed Alternergy Holdings Corp. earlier said the group might join the auction. Alternergy currently has 11 operating assets with a total combined capacity of 86 megawatts (MW). It hopes to grow this number by 500 MW by 2026.

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Meanwhile, Capongcol said the DOE may release within this month the notice of auction and terms of reference for the GEA-4, which would cover integrated renewable energy and energy storage systems.

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