PE2 supports BOI review of EE Guidelines under 2017 IPP
MAKATI CITY, 25 June 2019 – The Philippine Energy Efficiency Alliance (PE2) held a productive follow-up meeting with the Energy Efficiency Technical Working Group (EE TWG) of the Board of Investments (BOI) earlier today, contributing energy efficiency and investment expertise to its ongoing review of the Energy Efficiency (EE) Guidelines under the 2017 Investment Priorities Plan approved by President Duterte.
Led by BOI Governor Napoleon E. Concepcion, the EE TWG informed the Alliance that they are seriously considering the removal of tight restrictions of the EE Guidelines published by BOI in March 2018, and that the expanded EE Guidelines would be submitted to the Department of Energy (DOE) as BOI’s input on fiscal incentives to the evolving Implementing Rules and Regulations (IRR) of the recently enacted R.A. 11285, otherwise known as the Energy Efficiency and Conservation Act.
PE2, which was represented by its president Alexander Ablaza, treasurer Theresa Acedillo-Lapuz and secretariat manager Luigi Eusebio, was pleased to learn of the EE TWG’s willingness to expand the guidelines to cover a wider range of EE measures and eligible end-use sectors, and explore the possibility of optimizing the income tax holiday incentive within the policy framework of E.O. 226.
PE2 likewise expressed support for the EE TWG’s plan to include EE developers and investors registered by SEC to register as EE project proponents aside from energy service companies (ESCO) certified by DOE, and to revive an earlier proposal to set prorated income tax holiday incentives according to the level of energy savings performance.
BOI’s EE TWG will be preparing its draft EE Guidelines, which will be coordinated with DOE and other concerned agencies, such as the Department of Finance.
