ERC Resolution No. 05, Series of 2026 – GEAR Price Set for Offshore Wind Auction Round 5

ERC approved the final Green Energy Auction Reserve (GEAR) price of Php11.00/kWh for Round 5 of the Green Energy Auction Program, setting the benchmark rate for offshore wind projects to guide investment and ensure cost efficiency in renewable energy procurement.

2/19/20262 min read

SUMMARY

WHAT IT IS

This resolution approves and adopts the final Green Energy Auction Reserve (GEAR) price for the fifth round of the Green Energy Auction Program (GEAP) specifically for offshore wind (OSW) projects.

  • Wind Energy Developers

WHO IS AFFECTED

KEY DEADLINES

  • Resolution takes effect immediately upon publication.

  • Delivery commencement period for awarded projects: 2028–2030.

TAKEAWAY

  • Wind energy developers and qualified suppliers should use the approved GEAR price of Php11.00/kWh for their bids in GEA-5 for offshore wind projects.

KEY POINTS

  • Scope: Applies to the Fifth Round (GEA-5) of the Green Energy Auction Program (GEAP) specifically for Offshore Wind (OSW) technology.

  • Covered Entities: Wind Energy Developers and Qualified Suppliers participating in GEA-5 for OSW.

  • Installation Target: 3,300 MW for delivery commencement period 2028–2030.

  • Threshold: GEAR Price for GEA-5 (OSW) set at Php11.00/kWh.

  • Compliance Obligation: Bidders must adhere to the GEAR Price and parameters as approved by the Commission.

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ERC Resolution No. 05, Series of 2026

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Tags: GEAP Round 5, Offshore Wind, GEAR Price, Auction Ceiling, 2028–2030 Delivery, Wind Energy Developers

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