In a press release, Prime Infra said its unit Ahunan Power, Inc. offered mid-merit power using pumped storage hydropower as an energy storage system.
Pumped storage hydropower plants store and generate electricity by moving water between two reservoirs at different elevations. Prime Infra said Ahunan nominated to Meralco two pumped storage hydropower, either of which can supply the needed 500-MW energy under its offer. The company said the development of pumped storage hydropower plants represents a move away from the traditional oil or gas-based power for mid-merit and peaking. Mid-merit power plants are able to adjust their output when energy demand peaks throughout the day.
Just wondering: Does the competitive selection require it be hydropower? Cheap renewablenergy would be great for a PSA.
This should be interesting. I heard one of Meralco's CSP partners wants to change their agreed-upon rates.