PE2 pitches EE as the economy’s first fuel to balance energy trilemma in UP event

Date Published: 
November 11, 2021
  • PE2 pitches EE as the economy’s first fuel to balance energy trilemma in UP event
    (Image: UP College of Engineering)

QUEZON CITY, 11 November 2021 –Philippine Energy Efficiency (PE2) president Alexander Ablaza was invited as a resource speaker in a University of the Philippines (UP) webinar, “Accelerating the Switch to Balance the Energy Trilemma in the Philippines,” held earlier today by the graduate students of MS Energy Engineering of the University of the Philippines Diliman, College of Engineering.

Ablaza positioned energy efficiency (EE) as a primary energy resource for an energy market such as the Philippines to balance the parallel urgencies of energy equity, security and sustainability. He cited a study of the International Energy Agency (IEA), which has demonstrated how energy avoidance through aggressive implementation of EE by 11 countries has become a 65% energy source, outsizing the inputs of fossil fuels and electricity. It was from this IEA study that EE has been appropriately labeled as the “first fuel” that will need to be dispatched ahead of other sources, renewable or otherwise. The Philippines is now armed with the policy environment and market signal of Republic Act 11285, EE&C Act, which can kick-start the long-term program of dispatching EE as a primary energy resource and mobilizing over PHP 12 trillion in EE capital through 2040.

Screenshot from the UP webinar on 11 November 2021 shows PE2’s Alexander Ablaza explaining the results of an IEA study, which confirms how energy efficiency was the largest energy source collectively for 11 countries, giving rise to the “first fuel” label. (Image: PE2)
Screenshot from the UP webinar on 11 November 2021 shows PE2’s Alexander Ablaza explaining the results of an IEA study, which confirms how energy efficiency was the largest energy source collectively for 11 countries, giving rise to the “first fuel” label. (Image: PE2)

Ablaza underscored the imperative to treat, classify and push EE as a major Net-Zero component, a key NDC component, a primary energy resource for priority dispatch, infrastructure development, a clean energy source (apart from renewables), and a new investment asset class. He also explained the role of energy service companies (ESCOs) in the deployment of off-balance sheet capital to contribute a major share toward the PHP 8 trillion investment gap through non-traditional financial modalities.

The PE2 head explained how EE can generate 45% more jobs than the typical Build, Build, Build infrastructure project for the same amount of stimulus or investment funding in the Philippines. Ablaza said, “If we are in a hurry to create more jobs to fill the unemployment vacuum of the post-pandemic recovery, the economy will need to accelerate EE spending, especially in the public sector.

Other speakers at the event included: Redi Allan B. Remoroza, AVP and transmission planning head of the National Grid Corporation of the Philippines (NGCP) who discussed the role of transmission in balancing the energy trilemma; Carmelo Jimson B .Uranza, CEO of Lead Core Technology System Incorporated; Jose Alfonso C. Miras, VP of Palm Concepcion Power Corporation who both shared their views on energy equity; Felipe Enrico V. Calvelo of Calvelo Engineered Systems Corporation put across energy efficiency as a product and benefit of employing building management systems; Alvie J. Asuncion-Astronomo, Associate Scientist of the Department of Science and Technology (DOST),  who shed some light on nuclear power for energy security; Arch. Angus McPherson, Senior Solutions Architect of Schneider Electric who talked about the role of utilities in enabling change; Gerhard P. Tan, Director & Head of Technology Strategy of Globe Telecom, Inc. who gave some insights on energy utilization technologies; and, Rose Marie Mendoza of Mark Energy Revolution Corporation who showcased the potential of hydrogen power, fuel cells and electrolyzers.

Professor Ferdinand G. Manegdeg and Energy Engineering 296 class representative Alvin C. Adorna expressed their appreciation for Ablaza’s shared knowledge and expertise during this UP College of Engineering webinar.

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

RA 11285 - Text

RA 11285 - Signed

IRR - Signed

Beyond COVID-19: How governments, ESCOs and innovative financial modalities can mobilize energy efficiency capital through 2040

Working Together to Bridge an Energy Efficiency Financing Gap

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PE2 Infographics on Energy Efficiency and Conservation Roadmap Targets

Infographics on Roadmap Targets for Energy Efficiency and Conservation

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

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