Gatchalian: harnessing more renewable energy sources
On Friday, Senator Sherwin Gatchalian pushed electric utilities to contract more renewable energy (RE) sources, stressing that this will benefit electricity consumers amid global energy risks.
This, he noted, is “a significant increase in usage” which the senator said should “prompt utilities to consider contracting more renewable energy to deter fuel transmission in the middle.” wild fluctuations’ in fuel prices, because the ‘fuel cost pass-through mechanism recovers the cost of fuel for electricity generation through electricity tariffs.
The senator aired the call following the Department of Energy’s (DOE) recent decision to increase the percentage of renewable energy use for grid-connected areas from 1% to 2.52% which is expected to take effect in 2023.
“This is a significant uptick in usage and should prompt utilities to consider contracting more renewable energy to deter fuel transmission amid wild swings in fuel prices,” added Gatchalian, noting that the fuel cost pass-through mechanism recovers the cost of fuel. for electricity generation through electricity tariffs.
The development of RE resources, he noted, is central to the Department of Energy’s sustainable energy program. In 2021, renewables accounted for 22.40% of the country’s energy mix, with coal-fired power plants accounting for 58.48%, while oil and natural gas-fired power plants contributed 1.52% and 17.60% respectively. %.
“Now is the time for us to accelerate the development of renewable energy in the country,” noted Gatchalian, citing record fossil fuel prices, as well as ongoing concerns about the impact of climate change, “do not let us other viable option than vigorously pursuing the development of green energies.
Gatchalian pointed out that today, a total of 998 RE contracts, generating approximately 270 billion pesos in investments, have been approved by the DOE, noting, “These contracts have a total installed capacity of 5,460 megawatts ( MW) and a potential capacity of 61,613.81 MW. He added that the increase is also a mechanism designed to provide a guaranteed market for renewable energy.
“Patuloy ang pag-angat ng renewable energy dahil na rin in the preparation of new technologies. The sharing DOE na taasan pa ang utilization percentage for his renewable energy I’m sure I have some stuff distribution utilities sa pagkontrata ng ganitong enerhiya para na rin sa energy security ng bansaadded Gatchalian.