The National Grid Corp. of the Philippines invited power plants to participate in a competitive bid for Ancillary Services , or reserve power that the grid can tap when the volume of baseload power runs low.
Five-year firm contracts are on offer subject to annual performance evaluation for power plants directly connected to the Luzon, Visayas, and Mindanao grids. The Department of Energy has been directing the NGCP to convert all its contracts to firm, in order to offer regulators a clearer picture of the available power reserves. The NGCP maintains that 100% firm contracting will ultimately raise power prices because generators command higher prices for fully committing their capacity for standby reserves.
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