Infrastructure
ERC Proposes Price Caps for Gas Power Auction
The Philippines' Energy Regulatory Commission (ERC) has proposed price caps for its upcoming natural gas power auction. Lower caps are set for existing facilities, with higher rates for new builds, aiming to stabilize power supply and promote price competition.
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- ERC Proposes Price Cap for Natural Gas Power Auctions, Raising Consumer Cost Concerns
The Philippines' Energy Regulatory Commission (ERC) has proposed price caps for the country's first mid-merit natural gas power auction, designed to attract 3,800 MW of capacity. However, concerns linger over potential increases in consumer costs as fuel expenses will be recovered separately.