Tag: ancillary services

Finessing India’s Power Market Design to be More Competitive

A new briefing note by the Institute for Energy Economics and Financial Analysis (IEEFA) looks at the benefits and potential roadblocks to implementation of these key reforms and argues that they are important steps towards transforming India’s power sector into a low-emissions, low-cost and profitable part of the economy. The note also discusses the second progressive market development: the Central Electricity Regulatory Commission’s (CERC) draft regulations for procurement, deployment and payment of ancillary services to maintain the grid frequency at 50 Hertz.

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Wärtsilä to set up a flexible floating energy storage system in Philippines

Wärtsilä will deliver a barge-mounted energy storage system for Therma Marine Inc. (TMI), a subsidiary of Aboitiz Power Corporation, one of the Philippines’ leading companies involved in power generation, distribution, and retail electricity services. The said energy storage system will have a capacity of 54 MW/32 MWh and will be delivered on an engineering, procurement, and construction basis. It will be placed next to TMI’s existing thermal power barge of 100 MW capacity and will provide flexibility for TMI in their ancillary service contract with the National Grid Corporation of the Philippines.

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