Stay informed of the latest happenings and headlines in the Philippine Power Industry with Mabuhay Energy’s Weekly News Spotlight! This week, we're featuring key articles from the Power Industry’s Regulatory sector that are shaping the energy landscape: Spotlight: 𝐃𝐎𝐄 𝐭𝐨 𝐚𝐥𝐥𝐨𝐰 𝟓𝟎% 𝐑𝐄 𝐫𝐞𝐩𝐥𝐚𝐜𝐞𝐦𝐞𝐧𝐭 𝐩𝐨𝐰𝐞𝐫 𝐟𝐨𝐫 𝐆𝐄𝐎𝐏 𝐰𝐢𝐭𝐡𝐢𝐧 𝟑-𝐲𝐞𝐚𝐫 𝐭𝐫𝐚𝐧𝐬𝐢𝐭𝐢𝐨𝐧 𝐩𝐞𝐫𝐢𝐨𝐝 The procurement of replacement power under the Green Energy Option Program (GEOP) will be allowed at 50 percent renewable energy (RE) capacity during the three-year transition period that shall be enforced in the amended policy for this segment of the power industry. Apart from that modification in the GEOP guidelines, the DOE will also be relaxing the capacity threshold to a level below 100 kW – primarily for end-users that are within contiguous domains, provided that they shall be aggregating their demand in their procurement of green energy capacities. READ MORE: https://mb.com.ph/2024/9/6/doe-to-allow-50-re-replacement-power-for-geop-within-3-year-transition-period 𝐃𝐎𝐄 𝐭𝐨 𝐩𝐫𝐨𝐯𝐢𝐝𝐞 𝟖-𝐦𝐨𝐧𝐭𝐡 𝐥𝐞𝐚𝐝 𝐭𝐢𝐦𝐞 𝐩𝐫𝐢𝐨𝐫 𝐭𝐨 𝐚𝐮𝐜𝐭𝐢𝐨𝐧 𝐟𝐨𝐫 𝐨𝐟𝐟𝐬𝐡𝐨𝐫𝐞 𝐰𝐢𝐧𝐝 𝐩𝐫𝐨𝐣𝐞𝐜𝐭𝐬 The Department of Energy (DOE) will allot a lead time of at least eight months as preparation time for the targeted bid submission of investors under the planned green energy auction (GEA) for offshore wind capacities by next year. On pricing for offshore wind, the study outcome of the Asian Development Bank (ADB) proffers tariff range of P10 to P16 per kWh, but the final green energy auction reserve (GEAR) price still rests with the final calculation and decision of the Energy Regulatory Commission. READ MORE: https://mb.com.ph/2024/9/4/doe-to-provide-8-month-lead-time-prior-to-auction-for-offshore-wind-projects Image sources: PhilStar, Power Philippines Do you want to stay abreast of the headlines in the Philippine Power Industry? Subscribe to our weekly newsletter today! Talk to our energy professionals by sending an email to info@mabuhayenergy.com. Mabuhay Energy, Your Partner For Growth. Our roster of enthusiastic and experienced energy professionals is ready to make your electricity savings a reality! Visit mabuhayenergy.com or email us at sales@mabuhayenergy.com and schedule your free consultation to begin your energy savings journey! 🔌