Green Energy Option Program or GEOP is a government program that allows eligible entities to switch from being a captive market of a distribution utility or electric cooperative, to sourcing power directly from a renewable energy supplier. With GEOP, entities have the power to choose renewable energy over fossil fuels, allowing them to source 100% power directly from a renewable energy supplier.
GEOP is created through Republic Act No. 9513 or the Renewable Energy Act of 2008. The law mandates the Department of Energy (DOE) to establish GEOP as one of the mechanisms to increase the share of renewable energy in the country’s power generation mix, while reducing the country’s dependence on fossil fuels.
The Independent Electricity Market Operator of the Philippines or IEMOP is GEOP’s Central Registration Body, which handles the switching process and information exchange about the program. IEMOP is a non-government entity and they also operate the Wholesale Electricity Spot Market or WESM, which is the centralized venue for the large-scale buying and selling of electricity where power is traded as a commodity based on energy supply and demand.
More entities from the private sector are joining the green trend of switching to renewables. GEOP, as a tangible pathway to transition to renewable energy and support low-carbon and resilient development, abides by the green and sustainable commitment of businesses and enterprises to the environment.
GEOP rules have set what they call as “pre-switching conditions,” which involve four (4) main steps.
The approval process mainly involves your renewable energy supplier and the IEMOP.
Should you wish to switch to renewable energy through GEOP and enjoy its benefit of cheaper and more reliable electricity, you can freely tap us to guide you in the process. Email us at philippines@climatereality.com.
Advancing GEOP implementation includes building the narrative of end-users who have switched to renewable energy to encourage other business entities to register in the program.
Arthaland
Since switching to renewable energy through the Green Energy Option Program (GEOP), Arthaland-owned Arya Residences generated savings in power costs by at least 10%, benefitting its tenants with lower electricity rates.
Arthaland takes pride in being the foremost sustainable developer in the Philippines and the first real estate developer in Asia to become a signatory of the World Green Building Council’s Advancing Net Zero project. The company registered Arya Residences, one of their condominium buildings, to GEOP in June last year.
Globe
Globe Telecom Inc., one of the country’s major telecommunications provider, has saved at least 10% on their power costs after switching to renewable energy through the Green Energy Option Program (GEOP).
Globe started accounting for its greenhouse gas emissions in 2008 when it identified energy consumption as the main driver of their carbon footprint. Their quest to align the company’s environment, social, and governance (ESG) framework with sustainable development goals led them to source 100% power from renewable energy, including through GEOP.
Should you wish to submit your story of gains and opportunities as GEOP end-user, email us at philippines@climatereality.com.
