INQUIRER FILE PHOTO MANILA, Philippines — Low price caps for the Department of Energy's (DOE) second round of competitive bidding for renewable energy (RE) capacities may have discouraged power developers from participating in the program this year, resulting in a low turnout. Industry sources told the Inquirer on Monday that bidders in this year's Green Energy Auction Program (GEA-2) found the price caps set by the Energy Regulatory Commission (ERC) 'too low,' with the DOE receiving only 3,580.

https://business.inquirer.net/408573/renewable-energy-firms-shun-does-green-power-auction

#inquirer