TAGUIG CITY – The Department of Energy (DOE) released the Terms of Reference (TOR) for the 2nd round of the Green Energy Auction (GEA2) Program, following the publication of the Notice of Auction (NOA) on 27 March 2023. The TOR supplements the provisions of the GEAP guidelines and will govern the rules and procedures of the auction process.
The TOR is issued every auction round consisting of major GEA instruments such as Auction Design, Bonds, Instruction to Bidders, Bidding Data, Forms, and Templates, and Post Auction requirements.
Under the TOR, the auction capacity requirement in megawatt (MW) per renewable energy (RE) resource type from 2024 – 2026 are as follows:
|
RE Resource Type |
2024 Installation Targets (in MW) |
||
|
Luzon (Lot 1) |
Visayas (Lot 2) |
Mindanao (Lot 3) |
|
|
1,420 |
325 |
280 |
|
160 |
45 |
30 |
|
800 |
400 |
0 |
|
20 |
100 |
20 |
|
Total (MW) |
2,400 |
870 |
330 |
|
RE Resource Type |
2025 Installation Targets (in MW) |
||
|
Luzon (Lot 4) |
Visayas (Lot 5) |
Mindanao (Lot 6) |
|
|
1420 |
400 |
320 |
|
200 |
30 |
30 |
|
700 |
470 |
0 |
|
5 |
10 |
15 |
|
Total (MW) |
2,325 |
910 |
365 |
|
RE Resource Type |
2026 Installation Targets (in MW) |
||
|
Luzon (Lot 7) |
Visayas (Lot 8) |
Mindanao (Lot 9) |
|
|
1,900 |
350 |
300 |
|
300 |
0 |
0 |
|
50 |
40 |
20 |
|
700 |
500 |
150 |
|
10 |
0 |
0 |
|
30 |
0 |
0 |
|
Total (MW) |
2,990 |
915 |
495 |
The supply contract will be for a twenty (20) year period beginning from the date of the commercial operation of the RE project.
Meanwhile, on 12 April 2023, the DOE issued Advisory No. GEA2-1 specifying the activities of GEA2 and their actual delivery dates, including the release of the TOR.
Subsequently, Advisory No. GEA2-2 was issued on 14 April 2023 to encourage wider participation and foster greater competition in the GEA2. RE developers with Letters of Intent (LOIs) to apply for RE contracts which are filed as of the last day of registration of qualified suppliers may participate in the GEA-2 and in succeeding rounds of the GEA. Meanwhile, RE developers of roof-mounted solar projects may also register to participate in the GEA2 without having to submit proof of the filing of an LOI for an RE contract.
Qualified suppliers intending to participate in this auction round are expected to register with the DOE in accordance with the applicable TOR by submitting complete requirements. An evaluation shall then be conducted by the GEA-Bids Evaluation and Awards Committee. Qualified bidders will be posted on the DOE’s official website prior to the conduct of the Pre-Bid Conference.
All the succeeding activities specified in Advisory No. GEA2-1 are expected to take place upon release of the Green Energy Auction Reserve (GEAR) Prices by the Energy Regulatory Commission (ERC) on or before 27 April 2023.
The GEAP was designed to continuously trigger the increase of RE capacity in the country, which will help realize the government’s target of 35% RE in the energy mix by 2030 and 50% by 2040. ###