Revisions in green energy auctions pushed amid 'red flags'

Renewable energy (RE) developers are calling for improvements in the government’s green energy auction (GEA) program, sounding the alarm about the issues in the previous round.

- BRIX LELIS

At an energy forum organized by ING Philippines, SunAsia Energy president and CEO Maria Theresa Capellan said there should be a “more sophisticated auction design” to cater to all technologies.

“Gas, pump storage and even geothermal need a special kind of auction design because they are not the same as solar and wind. That kind of market mechanism (requires) a more specific function design,” Capellan said.

According to Capellan, the second round of GEA raised “red flags,” given the low turnout of subscribed capacity.