The Energy Regulatory Commission (ERC) has set the preliminary reserve price for the fifth round of the Green Energy Auction (GEA5) at P10.3859 per kilowatt-hour for fixed-bottom offshore wind projects.
The Energy Regulatory Commission (ERC) has approved the upper limit of the secondary price cap (SPC) helping hold the Wholesale Electricity Spot Market (WESM) together, a mechanism meant to protect consumers from sharp price spikes.
Renewable energy developer Vena Energy has secured $210 million in financing for a 300-megawatt solar power project in Ilocos Norte, marking its first full international project financing in the Philippines.
