WebJun 27, 2024 · With a success rate of 98.3465%, the first round successfully generated 1966.93 Megawatts of renewable energy (RE) capacities that have been committed to deliver energy from the period 2024 to 2025 at a competitive price that is lower than or equal to the Green Energy Auction Reserve prices set by the Energy Regulatory … http://161.49.106.166/press-releases/doe-releases-results-geap-first-auction-round

Supplemental Notice, ERC Case No. 2024-004 RM, In Re: …

WebDec 6, 2024 · Dubbed as the ‘green energy auction reserve price’ or GEAR tariff, the final price to be set by the ERC shall serve as the ceiling for the rate of the RE capacity that shall be declared as winning tenders in the auction. As prescribed under the rules, “qualified RE projects can voluntarily participate by offering all or a portion of the ... church key stainless

ERC sets ‘reserve prices’ for RE capacity auction

WebMay 30, 2024 · The Energy Regulatory Commission (ERC) has announced the Green Energy Auction Reserve (GEAR) prices under the first round of the Green Energy … WebMay 30, 2024 · The Energy Regulatory Commission (ERC) has released the Green Energy Auction Reserve (GEAR) prices for the first round of the Green Energy Auction Program (GEAP). The GEAR price for solar is P3.6779 per kilowatt hour (kWh), P6.0584 per kWh for wind, P5.0797 per kWh for biomass, and P5.4913 per kWh for run-of-river hydro. Webrecommendation of Biomass Green Energy Auction Reserve (GEAR) Price. The details of which are discussed below. There are three (3) fuel costs considered in the calculation of the Biomass GEAR Price. Table 3 shows the 3 fuel costs from different sources with their type of fuel, to wit: Table 3. Fuel cost Source Fuel Cost ( Php/ton) dewalt 23-piece toughsystem socket set