Business World

MY CUP OF LIBERTY

BIENVENIDO S. OPLAS, JR.

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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.

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