News & Features

Tag: energy transition

GEOP generates massive savings to power costs

Companies that have switched to renewable energy through the Green Energy Option Program (GEOP) attested that they have generated significant savings in energy costs, during the webinar “100% Renewable Energy Within Reach: Empowering Entities through the Green Energy Option Program” held online on 11 November 2022.

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More streamlined policies and strategies needed to achieve PH RE goals

Increasing the renewable energy share in the Philippine power mix to 35% by 2030 and 50% by 2050 would require policymakers to amend the Implementing Rules and Regulations of the Renewable Energy Act of 2008, revisit the Electric Power Industry Reform Act (EPIRA), and reinforce the implementation of Electric Vehicle Industry Development Act.

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GEOP improvements can answer corporate demand for 100% renewable energy

A new White Paper prepared by the Clean Energy Investment Accelerator or CEIA, an international initiative, shows that one payment scheme under the Green Energy Program (GEOP) offers a fixed discount from the monthly rate offered by the local distribution utilities, with the discounted rates potentially reaching 5 to 12 percent lower than the prevailing generation rate. It also underscores the slow uptake among energy consumers within the first 8 months of the GEOP’s implementation. Factors contributing to the lack of participation include limited awareness among potential buyers and inability for businesses who lease their facilities to engage directly with retail electricity suppliers.

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Localized, renewable energy solutions needed to electrify underserved communities

Renewable energy systems tailored fit per locality are the best solution to rising fossil fuel prices and energy poverty across the Philippines. This was highlighted by Cebu-based clean energy advocate Jovie Gil Montajes during the third episode of Klima Ug Kalikupan, a joint webcast series by Cebu Technological University (CTU) and The Climate Reality Project Philippines.

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GEOP lowers electricity bills for business enterprises

Availing the Department of Energy’s (DOE) Green Energy Option Program (GEOP) will bring significant savings on the electricity costs of business enterprises, a representative of Vita Tropic Ice Company, Inc. said during The Climate Reality Project Philippines’ energy literacy and movement-building training session held earlier this month.

Vita Tropic is among the few and first GEOP switchers in the country. The GEOP is a new mechanism implemented by the DOE that allows electricity end-users with an average 100kW or above to source their electricity from renewable energy sources.

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