The Philippines Department of Energy (DOE) has outlined new draft market rules and policies for energy storage, a month after the country allowed 100% foreign ownership of renewable energy assets.
Industry should make “concrete proposals” for electricity market reforms, or risk policy and regulation continuing to fall short in valuing the role of energy storage.
A solicitation for large-scale energy storage could be hosted in about a year’s time as part of the push towards New York achieving its target of deploying 6GW of energy storage on the grid by 2030.