Distribution utilities asked to contract more renewable energy amid fluctuation of oil prices

“This is a significant increase in utilization and should prompt distribution utilities to consider contracting more renewable energy to deter fuel pass-through amid wild fluctuations in fuel prices,” Gatchalian said.

The increase in RE utilization will take effect next year under Department Circular No. 2022-09-0030, which prescribes the adjusted annual percentage increment for all participants of the Renewable Portfolio Standards for on-grid areas. Energy Secretary Raphael Lotilla signed the circular on Sept. 23.

Gatchalian, vice chairman of the Senate committee on energy, said the development of RE resources is central to the DOE’s sustainable energy agenda.

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