Grid-scale battery storage project in the Philippines. Image: Wartsila.
The Philippines Department of Energy (DOE) and regulators are considering changing rules governing ownership of grid-connected energy storage systems.
The current classification of energy storage as generation could be hindering investment in an asset class the Philippines needs to see more of to ensure stable and cost-effective operation of its electricity networks.
According to a report by the Manila Bulletin newspaper in the Southeast Asian country this week, the chair of the Philippines’ Energy Regulatory Commission (ERC) said the classification is being studied by DOE and the regulator.
Generation companies in the Philippines are prohibited from owning more than 30% of the installed generation capacity on each of the island country’s grids, or from owning more than 25% of installed…