ERC proposes over P10/kWh cap for offshore wind auction

THE ENERGY REGULATORY Commission (ERC) has proposed P10.3859 per kilowatt-hour (kWh) as the ceiling price to guide participants in the fifth green energy auction round (GEA-5) for offshore wind next year.

The green energy auction reserve (GEAR) price will be used in the auction for fixed-bottom offshore wind projects, which will have an installation target of 3,300 megawatts (MW).

At a briefing last week, ERC Director for Market Operations Service Sharon Ocampo-Montañer said the commission took into consideration some proposed offshore wind projects in Manila Bay, San Miguel Bay, Guimaras Strait, and southern Mindoro in setting the price. “

We have also considered the costs of various wind turbine suppliers,” she said. The G

EAR price serves as the maximum price in pesos per kWh, which will guide bidders during the auction. The p

ublic can comment on the proposed GEAR price for offshore wind energy by Dec. 19. T

he E

RC will conduct public consultations on Jan. 5 and 6. “This

auction for offshore wind is a milestone in achieving the Philippine Energy Plan set by the DoE,” ERC Chairmann Francis Saturnino C. Juan said

.“This techno