Energy Regulatory Commission sets renewable energy auction price caps

business.inquirer.net

The Energy Regulatory Commission has finalized price caps for renewable energy projects in the fourth round of the Green Energy Auction, impacting future clean energy costs. The price caps, released last Friday, set maximum rates per kilowatt-hour for various projects, including rooftop solar, ground-mounted solar, and onshore wind, aiming to balance developer costs and consumer affordability. The auction will offer 1,040 megawatts of capacity in Luzon. The Department of Energy aims to increase clean energy's share to 35% by 2030, with this auction including floating solar and energy storage systems for the first time, expanding renewable energy capacity.


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Energy Regulatory Commission sets renewable energy auction price caps | News Minimalist