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The integration of energy storage system in the forthcoming batch of renewable energy (RE) capacity auction will hike estimated reserve prices by P5.00 to P6.00 per kilowatt hour (kWh), according to the Department of Energy.
“We will auction it (LNG-generated capacity), so we have to talk to the National Grid Corporation of the Philippines because that is going to be considered as part of ancillary services,” Guevara stressed.
Nevertheless, the energy official emphasized that the DOE has been recalculating the scale of IRESS to be included in the GEA-4 tendering process; and the main goal of the department is to bring down the potential cost impact of energy storage amalgamation into the RE capacity offers.
Guevara similarly disclosed that the planned parallel auction for liquefied natural gas (LNG) capacity in GEA-4 shall be for ancillary services to ensure grid reliability even with massive capacity injection of renewables.
The LNG component, she said, will have a five-year contract and the counterparty will be system operator National Grid Corporation of the Philippines (NGCP) -- and that shall be separate from the 20-year power supply agreement (PSA) to be awarded to the winning tenders in the RE capacity bidding.
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Online Services Email ContactThe integration of energy storage system in the forthcoming batch of renewable energy (RE) capacity auction will hike estimated reserve prices by P5.00 to P6.00 per kilowatt …
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