ERC affirms power secured via RE bid
The initiative is expected to bring more renewable energy projects online, expanding capacity and diversifying the country’s energy mix
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The initiative is expected to bring more renewable energy projects online, expanding capacity and diversifying the country’s energy mix
Consumers and renewable energy developers are set to benefit from the Energy Regulatory Commission’s (ERC) approval of the latest Green Energy Auction Program (GEAP) results.
With the issuance of Resolution 06, Series of 2025, the ERC announced over the weekend that the decision is projected to help lower electricity rates and increase renewable energy investment that would lead to a more stable energy supply nationwide.
Under the new framework, the Green Energy Auction Allowance (GEA-All) will be collected from on-grid consumers to support the Green Energy Tariff — a mechanism ensuring that winning renewable energy developers receive stable payments for their supply.
The initiative is expected to bring more renewable energy projects online, expanding capacity and diversifying the country’s energy mix.
“The winning bid prices for the auctioned capacities in GEA shall not exceed the corresponding or resulting Green Energy Auction Reserve Price and shall constitute the Green Energy Tariff,” the ERC stated in its resolution.
According to the regulator, this structure guarantees that consumers benefit from competitively priced renewable energy while developers secure fair compensation.
One of the key points of the ERC’s decision is the stabilization of electricity costs. Through competitive bidding, the program locks in lower and predictable energy rates, shielding consumers from the price volatility often associated with fossil fuels.
For energy developers, the GEA-All Fund, administered by the National Transmission Corporation (TransCo), provides a steady revenue stream. TransCo will collect the GEA-All from distribution utilities and retail electricity suppliers to ensure winning bidders receive timely payments.
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