PE2 supports ECCP’s webinar on energy sector

Date Published: 
July 7, 2020
  • (Image: ECCP)
    (Image: ECCP)

MAKATI CITY, 7 July 2020 – The Philippine Energy Efficiency Alliance (PE2) supported the European Chamber of Commerce of the Philippines (ECCP) as event partner of the latter’s webinar earlier today entitled “The Now and Future of the Energy Sector.”

Undersecretary Felix William “Wimpy” Fuentebella delivered the keynote message, which included discussions on the following topics:

  • Actions taken against COVID-19:
    • Measures taken to ensure availability of energy through community quaratines
    • Power sector and oil sector initiatives
    • Remittance of PHP 12.3 billion from energy family to national coffers to fund COVID-19 efforts
    • Non-monetary contributions of energy family to fight COVID-19
  • “New Normal” measures
    • ECQ period average power demand reduction of 30% in Luzon, 19% in the Visayas, 20% in Mindanao
    • Petroleum inventory of 2.7 billion liters, equivalent to 61.2 day supply
    • Decreases in pump prices of petroleum products: gasoline (23%), diesel (35%), kerosene (44%) and LPG (6%)
    • IATF Task Group looking at Food-Water-Energy Nexus
    • Resumption of suspended energy projects (including exploration)
    • Resiliency of energy sector 
  • RE and EE&C policies
    • Green Energy Option (GEOP)
    • CREZs: geographic areas with high concentrations of cost-effective RE, that are feasible for development and have private sector interest
    • Re-creating the 2020-2040 NREP with a shift in perspective from a grid-centered approach to a consumer-centered use of the RE systems
    • Updates on EE&C Act, including GEMP and energy labeling systems
  • Emerging energy trends
    • Online meetings, EVOSS Act, electronic submissions, LGU energy programs, Malampaya fund growth, job generation in NG and RE sectors, lowering cost of energy services

The webinar was opened by ECCP Executive Director Florian Gottein and moderated by ECCP RE & EE Committee Chair and PE2 vice president for internal affairs Ruth Yu-Owen. Reactors and panelists included PE2 president Alexander Ablaza, James Buskowitz and Tom Peebles.

In PE2’s reaction to the DOE presentation, Ablaza said that the Alliance was pleased with the steady progress of the Energy Utilization Management Bureau in pushing the process leading to the issuance of more specific guidelines under the Implementing Rules and Regulations of the EE&C Act. He underscored the need for policy and business tools development toward enabling innovative financing modalities for public sector energy efficiency projects. The PE2 head also presented the need to accelerate government spending on energy efficiency as it creates 45% more jobs for the same amount of investment or stimulus than the Build, Build, Build infrastructure development program.

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

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