MANILA, Sept 6 (Mabuhay) — The Department of Energy (DOE) is firm on pushing for the implementation of the energy reserves market this year amid some regulatory issues.
“Fat chance but we’re still working to have it this year,” Energy Secretary Carlos Petilla told reporters Friday.
The DOE bids to institutionalize an energy reserves market in the country to further limit power outages in the country and ensure enough capacity reserves.
Power transmission – the operation and maintenance – around the country is now the responsibility of private entity National Grid Corporation of the Philippines (NGCP).
The Grid Code requires NGCP to have contingency reserve service (CR) as part of its ancillary services, which is aimed “to sustain the transmission capacity and energy that are essential in maintaining the power quality, reliability, and security of the grid.”
However, there have been instances when power outages happen due to lack of power reserves, which is the capacity produced in excess of the requirements.
On March 21, 2013, officials of the NGCP and the Philippine Electricity Market Corporation (PEMC) signed a memorandum of understanding (MOU) aimed to coordinate operations of the electricity spot market and a reserve market among others.
Petilla earlier said DOE is pushing for a reserve market “because there’s energy right now that you cannot contract.”
He said there is available reserves capacity in the country “but on a short-term period.” (MNS)