Industry stakeholders paint a bleak and very challenging power sector this year.
The Institute for Climate and Sustainable Cities said rotating brownouts could happen in the second quarter of this year because of two reasons that were not included in earlier projections of the grid operator.
He was referring to the forced outages of coal-fired power plants and the continued shutdown of the Ilijan gas plant. Meanwhile, the shutdown of Ilijan power facility since June last year has led to a capacity deficit of 1277 MW in the Luzon grid, which has increased the frequency of red and yellow alerts. “If the full capacity of Ilijan power plants is not available by second quarter of 2023, then this would significantly reduce the available capacity,” it pointed out.
DOE Undersecretary Rowena Cristina Guevara said, “we are more worried in summer” because of higher demand. Of this, 926.82MW of power generation capacity and 760 ESS are targeted for commercial operation this year. “It comes at an opportune time that the latest addition to our thermal portfolio, the 1,336 MW GNPower Dinginin, is ready to deliver much-needed baseload power to support the country’s growing power needs.
“For 2024, is ready, so there will be no brownout, but it may be more expensive. I think 2024 is not so challenging because LNG is already there. The issue is price,” said Consunji, adding that LNG price is estimated to be 50 percent higher than coal. “So, we will have power, but it’s going to be more expensive than today. That’s the problem,” Consunji stressed.
Moving forward, ACEN said the country should incorporate more energy storage in the system to support the scaling up of renewables. “It is therefore critical to get the reserve market operational soonest. It is also critical to get the renewable energy market operational, especially given the upward adjustment in renewable portfolio standards,” Francia stressed.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
PH agreement with China to revive country’s steel industry — envoyThe signing of bilateral agreements between President Ferdinand “Bongbong” Marcos Jr. and Chinese President Xi Jinping is expected to revive the country’s steel industry, the Philippine envoy to China said Saturday.
Read more »
Philippines-China agreement to help revive local steel industry — envoyThe setting up of a liquid steel plant as a result of the agreement recently signed by the Philippines and China will help revive the country’s steel industry, according to Philippine Ambassador to Beijing Jaime FlorCruz on Saturday.
Read more »
PH expects up to $2 billion in China investments to revive steel industryMANILA., Philippines — The country expects to receive up to $2 billion in investments from China to revive its steel industry, the Philippine ambassador to China, Jaime FlorCruz, said on
Read more »
In defense of public figures who ‘ignore’ fans in their personal time - SCOUTIf you religiously follow the showbiz industry, especially the K-pop scene, invasion of privacy should be an issue you’re already well accustomed to.
Read more »
PBBM China visit to create more jobs, boost forex earnings: DTIDepartment of Trade and Industry (DTI) Secretary Alfredo Pascual on Friday said the coming in of more Chinese investors to the Philippines would translate into more jobs for Filipinos, enhanced for…
Read more »
UK becoming less attractive for investment, manufacturers warnBritain has become less competitive and less attractive to foreign investors as a result of soaring energy costs and recent political turmoil, manufacturers said in an industry survey released on Monday. | Reuters
Read more »