MY CUP OF LIBERTY
BIENVENIDO S. OPLAS, JR.
oil-based 2.5%, solar 1.8%, biomass 1%, wind 0.9%.
Solar, wind, biomass, and run of river hydro are given subsidies via feed-in tariff (FiT), fixed and guaranteed price for 20 years under the Renewable Energy (RE) law of 2008 (RA 9513). So, after 13 years, solar, wind, biomass can produce only 3.7% of total electricity generation.
IEMOP also reported high demand forecast accuracy of the Enhanced WESM Design and Operations (EWDO) with five-minutes interval, day before forecast for peak demand is high 99.2% in Luzon grid and 99.0% in Visayas grid.
The Philippine Electricity Market Corp. (PEMC), the governing board of the Wholesale Electricity Spot Market (WESM), is monitoring compliance by market participants to EWDO.
The good thing in the Philippines electricity market is that there is bigger role for private sector competition in power generation and retail distribution. Market operations are now in the hands of the private sector too. The only thorns are a private monopoly in transmission (granted a Congressional franchise) and the endless lobby to amend EPIRA and some power plants to remain in government hands and hence, non-competitive.
The Philippines should prioritize higher growth and more job creation for its people via cheap and stable energy, not the environmental lobby to kill fossil fuels and thus court frequent blackouts by relying on unstable, unreliable, nondispatchable wind and solar.