Energy dept says renewables seen to keep power rates stable | ABS-CBN
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Energy dept says renewables seen to keep power rates stable
Energy dept says renewables seen to keep power rates stable
MANILA - The Department of Energy assured consumers that prices of electricity generated from renewable energy will remain affordable for Filipinos.
MANILA - The Department of Energy assured consumers that prices of electricity generated from renewable energy will remain affordable for Filipinos.
Energy Undersecretary Rowena Guevara explained current power rates from solar energy remain low at P3.50 - P4.50 kilowatt/hour (kWh). She added that the country's use of renewable energy will cushion it from the effects of volatile global oil prices.
Energy Undersecretary Rowena Guevara explained current power rates from solar energy remain low at P3.50 - P4.50 kilowatt/hour (kWh). She added that the country's use of renewable energy will cushion it from the effects of volatile global oil prices.
"'Pag nagkaroon tayo ng indigenous renewable energy, mababawasan ang epekto sa atin ng pagtaas at pagbaba ng presyo ng fossil fuel," Guevara noted.
"'Pag nagkaroon tayo ng indigenous renewable energy, mababawasan ang epekto sa atin ng pagtaas at pagbaba ng presyo ng fossil fuel," Guevara noted.
(When we have indigenous renewable energy sources, we won't be as affected by the swings in fossil fuel prices.)
(When we have indigenous renewable energy sources, we won't be as affected by the swings in fossil fuel prices.)
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"Sa paggamit nitong renewable energy, sisiguraduhin natin na constant lang halos ang magiging presyo ng ating kuryente at hindi pabago-bago depende sa sitwasyong global," she added.
"Sa paggamit nitong renewable energy, sisiguraduhin natin na constant lang halos ang magiging presyo ng ating kuryente at hindi pabago-bago depende sa sitwasyong global," she added.
(By using renewable energy, we can ensure that electricity rates remain constant instead of depending on the global situation.)
(By using renewable energy, we can ensure that electricity rates remain constant instead of depending on the global situation.)
On Thursday, Nov. 21, Pres. Ferdinand Marcos Jr. led the groundbreaking of the P200-billion Meralco Terra Solar (MTerra) Project touted to be the largest integrated solar and battery storage facility in the world. The facility will have a capacity of 3,500 megawatts (MW) that can generate electricity for 2.5 million households or over 10 million Filipinos.
On Thursday, Nov. 21, Pres. Ferdinand Marcos Jr. led the groundbreaking of the P200-billion Meralco Terra Solar (MTerra) Project touted to be the largest integrated solar and battery storage facility in the world. The facility will have a capacity of 3,500 megawatts (MW) that can generate electricity for 2.5 million households or over 10 million Filipinos.
Guevara said the project will greatly contribute to attaining the country's target of 35 percent renewable energy in the power generation mix by 2030 and up to 50 percent by 2040. Currently, renewable energy makes up 22 percent of the country's generation mix.
Guevara said the project will greatly contribute to attaining the country's target of 35 percent renewable energy in the power generation mix by 2030 and up to 50 percent by 2040. Currently, renewable energy makes up 22 percent of the country's generation mix.
CLEAN ENERGY SOURCES
Aside from solar power, the energy department is also venturing into other clean energy technologies including nuclear energy. Guevara said they target to generate 1,200 MW from nuclear energy by the year 2032; 2,400 MW by 2035; and 4,500 MW by 2050.
Aside from solar power, the energy department is also venturing into other clean energy technologies including nuclear energy. Guevara said they target to generate 1,200 MW from nuclear energy by the year 2032; 2,400 MW by 2035; and 4,500 MW by 2050.
The agency is also looking into the Offshore Wind projects which are seen to provide the biggest power generation.
The agency is also looking into the Offshore Wind projects which are seen to provide the biggest power generation.
"Kasi ang kapasidad ng buong Pilipinas ay 178 gigawatts (GW) ng offshore wind [power]. Ang target naman natin, sa 2050, meron na tayong 19 GW ng Offshore Wind," the official expounded.
"Kasi ang kapasidad ng buong Pilipinas ay 178 gigawatts (GW) ng offshore wind [power]. Ang target naman natin, sa 2050, meron na tayong 19 GW ng Offshore Wind," the official expounded.
(The Philippine capacity is 178 GW of offshore wind. Our target is that by 2050 we already have 19 GW from offshore wind.)
(The Philippine capacity is 178 GW of offshore wind. Our target is that by 2050 we already have 19 GW from offshore wind.)
The agency vows to continue working with the private sector and other renewable energy developers to build more facilities. As of October 2024, Guevara said renewable energy facilities generating 5,784 MW have been installed, while 1,282 renewable energy service contracts providing 130,269.9 MW have been awarded.
The agency vows to continue working with the private sector and other renewable energy developers to build more facilities. As of October 2024, Guevara said renewable energy facilities generating 5,784 MW have been installed, while 1,282 renewable energy service contracts providing 130,269.9 MW have been awarded.
The DOE is also boosting its virtual one-stop shop to streamline the application process of renewable energy developers.
The DOE is also boosting its virtual one-stop shop to streamline the application process of renewable energy developers.
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