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Brix Lelis - The Philippine Star
December 15, 2025 | 12:00am
ERC director Sharon Montaner said they took into account the costs of various wind turbine suppliers, along with several other factors, in determining the proposed green energy auction reserve (GEAR) price.
BusinessWorld / Image by Nicholas Doherty from Unsplash
MANILA, Philippines — The Energy Regulatory Commission has set the preliminary ceiling price for offshore wind bidding at P10.3859 per kilowatt-hour, the highest ever in the country’s renewable energy auctions.
ERC director Sharon Montaner said they took into account the costs of various wind turbine suppliers, along with several other factors, in determining the proposed green energy auction reserve (GEAR) price.
Once finalized, the GEAR price will serve as the maximum allowable bid for the fifth green energy auction (GEA-5) round, which is exclusively dedicated to fixed-bottom offshore wind technology.
This follows the Department of Energy’s (DOE) recent issuance of GEA-5’s notice of auction and terms of reference.
“This auction for offshore wind is a milestone in achieving the Philippine Energy Plan set by the DOE. This technology will be first in the country with a total potential capacity of more than 68 GW (gigawatts),” ERC chairperson and CEO Francis Saturnino Juan said.
The regulator said all interested parties may submit their comments on the draft GEAR price for GEA-5 until Dec. 19.
A public consultation for Luzon is scheduled for Jan. 5, followed by the Visayas and Mindanao on Jan. 6, before the commission sets the final price on Jan. 14.
For GEA-5, the DOE targets 3,300 megawatts of capacity for delivery from 2028 to 2030 in a bid to generate the first kilowatt-hours of offshore wind power before President Marcos ends his term.
Winning bidders will deliver power supply for 20 years, with green energy tariff payments beginning upon project commissioning and registration with the electricity spot market.
The GEA program aims to support the government’s target of increasing the renewable electricity share in the power mix to 35 percent by 2030 and 50 percent by 2040 from the current 22 percent.
