Electricity rates to go up in the future

Electricity rates to go up in the future – DoE

By Ed Paolo Salting

Aug 29, 2024 12:25 am

THE Department of Energy (DoE) said on Wednesday that electricity rates would increase in the future due to the addition of new incentives for generation companies to hold more Green Energy Auctions (GEAs).

In an interview with reporters during an energy forum titled 'Powering Progress: Accelerating Towards a Sustainable Energy Future,' Energy Undersecretary Rowena Guevara said the increase would be due to the participation of power plants with energy storage systems (ESS) in the GEA.

Energy Future, Energy Undersecretary Rowena Guevara. Photo by: John Orven Verdote

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