The NGCP has declared that 38 firms won in the recent competitive auction for the procurement of ancillary services (AS) meant to ensure the security and stability of the country’s transmission grid. Know more:
The National Grid Corporation of the Philippines has declared that 38 firms won in the recent competitive auction for the procurement of ancillary services meant to ensure the security and stability of the country’s transmission grid.
Among the winning bidders are units of Aboitiz Power Corp., ACEN Corp., Alsons Power Group., San Miguel Global Power Holdings Corp., and First Gen Corp. The winning bidders will procure regulating reserves for Luzon and Mindanao grids, contingency and dispatchable reserves; and reactive power support and blackstart service.
The NGCP is required to submit to the Department of Energy its annual AS agreement procurement plan, which contains the projected AS requirements for the next 10 years, not later than every end-March of each year.
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