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DoE wants reserve power spot market to start commercial operations by Dec.

THE Department of Energy (DoE) said it has set a target to begin commercial operations of the spot market for power reserves on Dec. 26.

“Starting Dec. 26, the market operator shall implement the full commercial operation of the reserve market, wherein the co-optimized energy and reserve schedules, including their associated prices, generated by the market dispatch optimization model shall be financially binding,” the DoE said in a draft circular issued on Sept. 16.

On Friday, the Energy Regulatory Commission (ERC) granted preliminary approval to the application for amendments to the price determination methodology.

The joint application was filed by the Independent Electricity Market Operator of the Philippines (IEMOP) and the Philippine Electricity Market Corp. in October 2022 for the implementation of the co-optimized energy and reserve market in the Wholesale Electricity Spot Market (WESM).

According to the circular, the IEMOP is directed to complete preparations and start limited live dispatch operations between Sept. 26 and Dec. 25.

During the period, the IEMOP will conduct live parallel operations which involves end-to-end testing using a non-production system between the market operator, system operator, and registered ancillary service (AS) providers.

IEMOP operates the WESM. The reserve market will facilitate the trading of AS or power reserves to support the transmission system.

It started trial operations for the reserve market on June 26, according to the DoE. 

“All generation companies, duly certified and accredited by the system operator as AS providers, shall ensure completion of their registration on the reserve market before Sept. 26,” the DoE said. — Sheldeen Joy Talavera

#DoE #reserve #power #spot #market #start #commercial #operations #Dec

First Gen, Ceneco forge power supply deal

First Gen, Ceneco forge power supply deal

LOPEZ-LED First Gen Corp. said it had signed an agreement to supply power to Central Negros Electric Cooperative (Ceneco) for 10 years.

In a media release on Thursday, the company said its subsidiary Energy Development Corp. (EDC) will provide an additional 20 megawatts (MW) for Ceneco’s baseload power supply requirement starting by the fourth quarter.

First Gen Vice-President Carlos Lorenzo L. Vega said the company’s relationship with Ceneco “is one that has been strengthened over time by mutual respect and trust.”

“We’ve shared so much and weathered through many storms — literally and figuratively. And we’re still here trying to do something good for our stakeholders. And now more than ever, I feel like our relationship in terms of value is highlighted,” he said.

According to the company, it has been supplying power to the cooperative at a contracted demand of 20 MW since 2011. The new contract brings the total demand for renewable energy supply to 40 MW.

In June, EDC announced its plan to drill two new exploration areas next year in a bid to expand its geothermal power generation capacity.

First Gen has said that it is targeting to grow its renewable energy portfolio to up to 13 gigawatts (GW) by 2030 from the current capacity of more than 3.4 GW.

At the local bourse on Thursday, shares of First Gen dropped by P0.54 or 2.82% to close at P18.62 apiece. — Sheldeen Joy Talavera

#Gen #Ceneco #forge #power #supply #deal

Meralco’s first ever Giga Summit to bring in global experts on nuclear power

Meralco’s first ever Giga Summit to bring in global experts on nuclear power

Discussions to focus on sustainable energy, energy management, and smart metering

In the continuing pursuit towards a more resilient and sustainable future, the Meralco Power Academy (MPA) is bringing together over 30 local and international power industry experts in the first ever Giga Summit on Sustainable Energy, Energy Efficiency, and Future Grid.

Scheduled to take place from Sept. 11 to 13 at The Fifth at Rockwell in Makati City, Giga Summit aims to foster knowledge exchange among industry leaders, policymakers, and experts from across the globe and become a platform for exchanging insights, shaping power and energy trends, and sharing best practices.

The Sustainable Energy discussions on the first day will revolve around accelerating the transition towards cleaner and more progressive sources of energy that benefit both people and the planet.

This will feature nuclear power experts including Canada-based Filipino nuclear scientist Dr. Francisco “Ike” Dimayuga of Atomic Energy of Canada Limited, Ultra Safe Nuclear Corporation Executive Vice President Roland Backhaus, University of California, Berkeley Director of International Partnerships for College of Engineering Dr. Matthew P. Sherburne, and University of Illinois Urbana-Champaign, Director of Illinois Microreactor R&D Center Dr. Caleb Brooks.

“Giga Summit will serve as an avenue to spark relevant discussions on the role of next generation technologies in our transition towards stable and sustainable energy supply. With the growing interest on nuclear power, our invited experts will shed light on the opportunities and exciting developments in the area of small and micro modular reactors and share experiential learnings that will be relevant as we put forward plans to utilize these technologies,” Meralco Executive Vice President and Chief Operating Officer and MPA Vice Chairman Ronnie L. Aperocho said.

Meralco EVP and CEO and MPA Vice Chairman Ronnie L. Aperocho said that the 3-day Giga Summit will bring in global nuclear experts who will shed light on opportunities andexciting developments in the area of small and micro modular reactors and share experiential learnings that will be relevant as the Philppines puts forward plans to utilize these technologies.

The second day of the summit will cover Energy Efficiency with sessions that will delve into the various ways to optimize energy consumption; while the third day will tackle Future Grid with discussions on fast-tracking the development and integration of advanced metering infrastructure to meet the growing demand for a smarter and more resilient energy infrastructure.

Also joing the summit are distinguished energy industry experts from both the government and private sector including the Department of Energy, Energy Regulatory Commission, Meralco, ASEAN Centre for Energy, Commonwealth Edison Co., Korea Electric Power Corporation, and Plasma Kinetics, among others.

Interested participants may register at or by sending an email to [email protected].


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#Meralcos #Giga #Summit #bring #global #experts #nuclear #power

Australia to consider extending life of largest coal power plant

Australia to consider extending life of largest coal power plant

 – Australia is considering extending the life of Origin Energy’s Eraring coal fired power plant, the country’s largest, the New South Wales (NSW) state minister for climate change said on Tuesday.

Origin said last year it would shut Eraring seven years ahead of schedule in 2025, in part because falling power prices had made it difficult to turn a profit.

But surging power prices and a growing worry that renewable energy is not coming online fast enough to offset retiring fossil fuel plants have combined to revive the case for delaying the Eraring’s closure.

New South Wales Minister for Climate Change Penelope Sharpe said a government-commissioned report had made the case for extending Eraring’s life and the government would speak with Origin about the plant‘s future.

“The checkup makes it clear that the case for Origin Energy to extend its timeframe for phasing out Eraring is there,” Sharpe said at a news conference.

“We accept the recommendations … We will engage with Origin about the future.”

Eraring was a “profitable asset” and Origin had a strong commercial interest to defer its closure, the NSW government said in its response to the report.

Origin shares traded ex-dividend on Tuesday and fell 2.8% in morning trade. The company in March agreed to a A$15.35 billion ($9.86 billion) takeover offer from a consortium led by Canada’s Brookfield that is expected to close in early 2024.

Brookfield declined to comment.

In a statement, Origin acknowledged the recommendations and said it would work with the state government “to find a path forward that can help navigate the economic challenges facing the plant and avert any risk to the reliability of electricity supply in the state.”

The report, commissioned in May, also recommended government improve the grid to allow more low-emissions generation and consider investing in more gas storage to support the seven gas plants expected in the state by 2024.

NSW accepted in part or full 47 of the report’s 54 recommendations, according to Sharpe. Three were already underway and four were rejected. – Reuters

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Thousands without power after Typhoon Haikui batters Taiwan

Thousands without power after Typhoon Haikui batters Taiwan

 – Taiwan worked to restore power to more than 30,000 households after Typhoon Haikui barreled into the east and south of the island, as cities and counties in the affected areas closed schools and businesses and domestic airlines cancelled flights.

Haikui made landfall in the mountainous and sparsely populated far southeast of Taiwan on Sunday afternoon, the first typhoon to directly hit Taiwan in four years. It then moved across the southern part of the island.

State-run utility Taipower said Haikui knocked out power for more than 240,000 households but that fewer than 34,000 were still waiting for electricity to be restored as of Monday, around half of those in the eastern county of Taitung.

Counties and cities across southern, eastern and central Taiwan cancelled classes and declared a day off for workers on Monday. In capital city Taipei there were sporadic gusty rain showers.

Taiwan Semiconductor Manufacturing (TSMC) 2330.TW, the world’s largest contract chipmaker, said its plants in Taiwan were operating normally and had not been affected by the storm.

Taiwan‘s fire department reported five injuries as a result of the typhoon but no deaths. Taiwan‘s government said more than 7,000 people had been evacuated, mainly in the south and east.

Taiwan airlines cancelled 189 domestic flights on Monday, with only a handful scheduled to fly, while ferry services to surrounding islands were also suspended. There was less disruption to international flights, with only 23 cancelled, the Civil Aeronautics Administration said.

Haikui is much weaker than Typhoon Saola, which hit Hong Kong and the southern Chinese province of Guangdong on Saturday.

As of Monday morning, Haikui had started to enter the Taiwan Strait and head towards China, Taiwan‘s Central Weather Bureau said. It will continue to bring heavy rain across Taiwan into the middle of the week.

China’s national weather and ocean forecasters issued alerts early on Monday for Haikui, warning of strong winds and large waves around coastal provinces Fujian and Guangdong and told ships to take precaution, Chinese state media reported. – Reuters

#Thousands #power #Typhoon #Haikui #batters #Taiwan