“Section 23. Functions of Distribution Utilities... A distribution utility shall have the obligation to supply electricity in the least cost manner to its captive market...” (RA 9136, EPIRA, June 2001).
“Section 1. Guiding Principles... Competitive Selection Process (CSP) in the procurement of PSAs by the DUs... Ascertain least cost outcomes...Protect the interest of the general public.” (DOE DC 2015-06-008, “Mandating all Distribution Utilities to Undergo Competitive Selection Process in Securing their Power Supply Agreements (PSA),” June 2015).
“Section 21. Natural Gas Supply... Procurement and utilization of indigenous natural gas, including without limitation, by gas-fired power plants, shall be prioritized over imported natural gas...Power produced from indigenous natural gas shall have priority over other conventional energy sources... requiring electricity suppliers to source a portion of their energy supply from power plants that use indigenous natural gas and determining the appropriate minimum percentage of the power generation mix that should be supplied by...indigenous natural gas.”
That is from Senate Bill 2793 and Senate Committee Report 304, the “Philippine Natural Gas Industry Development Act.” August 2024.
Notice the big difference? In provisions (1) and (2), “least cost” for the consumers is the overarching goal, with no mention of where the power supply will come from. In (3), the least-cost provision is absent and ignored, and indigenous natural gas (ING) will be prioritized over imported gas and over other conventional sources like coal.
Bu hikaye The Philippine Star dergisinin October 10, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye The Philippine Star dergisinin October 10, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
MORE Power reactivates upgraded Iloilo substation
Razon-led MORE Electric and Power Corp. has energized the newly rehabilitated Molo Substation in Iloilo to improve electric service and minimize brownouts in the city.
Ginger prices triple to P300, seen to soften this month
The retail price of ginger has almost tripled to as much as P300 per kilo this year, but government officials are expecting the prices to fall within the month as much-needed imports start to arrive in the country.
DA, KAMICO, Cabanatuan City sign MOU for first agri machinery complex
Agriculture Secretary Francisco Tiu Laurel Jr., Korea Agricultural Machinery Industry Cooperative (KAMICO) chairman Shin Gil Kim and Cabanatuan City Mayor Myca Elizabeth Vergara signed yesterday a memorandum of understanding (MOU) to establish the Korea Agricultural Machinery Industry Complex, the first local agricultural machinery manufacturing cluster.
Priority and mandatory indigenous gas use means expensive electricity
Consider these three provisions from three energy laws.
DoubleDragon readies P30-B bond program
DoubleDragon Corp. is returning to the bond market with a P30-billion debt program, its largest to date, intended to be issued in multiple tranches from 2024 to 2026.
Ayala Corp secures $200-M loan from Metrobank
Ayala Corp. has secured a $200-million credit facility from Ty-led Metropolitan Bank & Trust Co. (Metrobank) to support its expansion plans.
SEC OKs Topline's P3.2-B IPO
The Securities and Exchange Commission (SEC) has cleared the initial public offering (IPO) of Top Line Business Development Corp. next month.
Dito subscribers hit 13 M
Telco newcomer Dito Telecommunity Corp. sees its subscriber base growing to 16 million by the end of the year after hitting 13 million as of this month.
MPTC-SMC tollway merger to be completed this month
Discussions for the mega-tollways merger being eyed by Metro Pacific Tollways Corp. (MPTC) and San Miguel Corp. (SMC) may be completed within the month.
Stocks down, peso pierces 57:$1 level
The continued depreciation of the peso has dampened investor sentiment, dragging the local stock market into the red and below the key resistance level.
