The Department of Energy (DOE) is looking to conduct the second round of the Green Energy Auction Program (GEAP) by June next year.
In a report by the Philippine Star, Energy assistant secretary Mylene Capongol said that based on their internal discussion within the green energy auction technical working group, they are targeting to “have the same period as the Green Energy Auction 1, which is June of 2023, but it will have more leeway.”
Capongcol said that the DOE is reviewing the first round of the GEAP to prepare for the initial task and activities to prepare for the second round of auction.
DOE is hoping that the Energy Regulatory Commission (ERC) can come up with the Green Energy Auction Reserve (GEAR) prices for the second round of the GEAP, which may include different tariffs for various technologies like floating solar, ground-mounted solar, roof-mounted solar, onshore and offshore wind.
The DOE awarded 19 winning bids under the first round of the GEAP which will deliver 2,000 megawatts (MW) of renewable energy capacity.
The GEAP was launched to facilitate immediate and timely investments in renewable energy capacities to assure adequate supply and competitive electricity rates in the country.