Power reserve market to spur investments

ESTABLISHING a market for power reserves will drive additional investments in the country's power sector.

"We have been talking about this over the last decade or so but we're still waiting for that reserve market to happen and it will really spur more investments, especially in battery storage or ancillary capacity if we have this open and transparent reserve market," said Eric Francia, AC Energy president and chief executive officer, in a webinar organized by the Philippine Institute For Development Studies on Tuesday.