PE2 convenes pre-PubCon meeting with BOI and DOE on fiscal incentives under EE&C IRR

  • BOI, DOE and PE2 officials meet on 30 August 2019 to exchange views on draft fiscal incentives rules under the EE&C Act. Counter-clockwise from foreground: Clarissa May A. Viduya of BOI-IAS, Aaron R. Premacio of DOE-EUMB/EECD, Director Patrick T. Aquino of DOE-EUMB, Director Nestor P. Arcansalin of BOI-RBIS (hidden), Governor Napoleon E. Concepcion of BOI, Alexander Ablaza of PE2, Dennis Jesus O. Panga of BOI-RBIS and Von Losloso of BOI-RBIS. Not in photo: Luigi G. Eusebio of PE2. (PE2 photo)
    BOI, DOE and PE2 officials meet on 30 August 2019 to exchange views on draft fiscal incentives rules under the EE&C Act. Counter-clockwise from foreground: Clarissa May A. Viduya of BOI-IAS, Aaron R. Premacio of DOE-EUMB/EECD, Director Patrick T. Aquino of DOE-EUMB, Director Nestor P. Arcansalin of BOI-RBIS (hidden), Governor Napoleon E. Concepcion of BOI, Alexander Ablaza of PE2, Dennis Jesus O. Panga of BOI-RBIS and Von Losloso of BOI-RBIS. Not in photo: Luigi G. Eusebio of PE2. (PE2 photo)

MAKATI CITY, 30 August 2019 — The Philippine Energy Efficiency Alliance (PE2) organized and held earlier today a coordination meeting with the Board of Investments (BOI) and the Department of Energy (DOE) to discuss the fiscal incentives rules under the draft Implementing Rules and Regulations (IRR) of Republic Act no. 11285, otherwise known as the Energy Efficiency and Conservation (EE&C) Act.

PE2 president Alexander Ablaza explained the position of the Alliance, which recommends sufficient language in the IRR that would enable corresponding tax regulations by the Bureau of Internal Revenue (BIR) which would prevent the inability of BOI-registered project developers from enjoying the fiscal incentives administered by the BIR. PE2 likewise hoped that the IRR would incorporate the BOI guidelines for energy efficiency projects, once approved by its Board of Governors. Ablaza said, “PE2 hopes that the IRR would provide enough clarity to attract long-term equity and debt investors to the country’s energy efficiency market.”

BOI Governor Napoleon E. Concepcion and DOE Energy Utilization Management Bureau Director Patrick T. Aquino expressed their respective views, and proposed to accommodate some of the PE2 recommendations through separate policy issuances, outside the proposed IRR. Both BOI and DOE officials sought PE2’s support toward the immediate approval and issuance of the IRR, especially as it is presented in the public consultations scheduled next month.

On 16 August 2019, DOE Energy Efficiency and Conservation Division Chief Artemio P. Habitan informed Ablaza of the following IRR public consultations:

  • 3 Sep 2019: IRR Public Consultation (Mindanao), Crown Regency Hotel, Davao City
  • 10 Sep 2019: IRR Public Consultation (Visayas), Parklane Hotel, Cebu City
  • 16 Sep 2019: IRR Public Consultation (Luzon), Marquis Events Place, BGC, Taguig

About PE2

Philippine Energy Efficiency Alliance Inc. (PE2), is a non-stock, non-profit organization of energy efficiency market stakeholders.

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Republic Act 11285

R.A. 11285 - An Act Institutionalizing Energy Efficiency and Conservation, Enhancing the Efficient Use of Energy, and Granting Incentives to Energy Efficiency and Conservation Projects

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  • Philippine Energy Efficiency Alliance, Inc. (PE2)
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    Philippines 1200
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