ERC Releases Preliminary GEAR Prices for Round 2 of the Auction
28 April 2023/ERC-Planning and Public Information Service
PASIG CITY - The Energy Regulatory Commission (ERC), on 28 April 2023, released the
Preliminary Green Energy Auction Reserve (GEAR) Prices for the Round 2
of the Green Energy Auction that will be conducted by the Department of
Energy (DOE), for the following technologies:
|
Renewable Energy Resource
|
Proposed GEAR2 Price (PhP/kWh)
|
|
Rooftop Solar
|
4.7156
|
|
Ground-mounted Solar
|
4.2395
|
|
Floating Solar
|
4.7565
|
|
Wind
|
5.9823
|
|
Biomass
|
5.1475
|
Preliminary GEAR Price for Waste-to-Energy, on the other hand, will be posted at a later time prior to the commencement of the public consultations.
The issuance is pursuant to DOE’s Department Circular No. DC 2021-11-0036, Providing the Revised Guidelines for the Green Energy Auction Program (GEAP) in the Philippines, where the ERC shall determine the GEAR Prices which are the maximum price offers in PhP/kWh that shall be used as the ceiling price in the auction.
The said GEAR prices or ceiling prices are applicable to the following capacities, as indicated in the Notice of Auction for the 2nd Round of GEAP, published by the DOE on 27 March 2023:
|
2024
(in MW)
|
2025 (in MW)
|
2026 (in MW)
|
TOTAL (in MW)
|
|
Solar -
Ground
|
2,025
|
2,140
|
2,550
|
6,715
|
|
Solar -
Roof
|
235
|
260
|
110
|
605
|
|
Solar-
Floating
|
-
|
-
|
300
|
300
|
|
Wind- on shore
|
1,200
|
1,170
|
1,350
|
3,720
|
|
Biomass
|
140
|
30
|
60
|
230
|
|
WTE
|
-
|
-
|
30
|
30
|
|
TOTAL
|
3,600
|
3,600
|
4,400
|
11,600
|
The ERC shall be accepting comments on the Preliminary GEAR Prices until 05 May 2023 and will conduct Public Consultation in Luzon, Visayas and Mindanao with the following schedules:
|
Date and Time
|
Particulars
|
Venue
|
|
11 May 2023
(Thursday)
9:00 A.M.
|
Public
Consultation for Luzon Stakeholders
|
ERC Hearing Room, 11th Floor Exquadra Tower, 1 Jade
Drive, Ortigas, Pasig City
|
|
15 May 2023
(Monday)
9:00 A.M.
|
Public
Consultation for Visayas Stakeholders
|
ERC Visayas Area Operations Division (VAOD)
7th Floor Kepwealth Building, Samar Loop, Cebu
Business Park, Cebu City
|
|
16 May 2023
(Tuesday)
9:00 A.M.
|
Public
Consultation for Mindanao Stakeholders
|
ERC Mindanao Area Operations Division (MAOD)
Rm. 6F-9 6th floor, BIZ Building,
Bormaheco Inc.
209 J.P.Laurel Ave., Bajada, Davao City
|