OVER 80% OF FILIPINO BUSINESSES WANT RENEWABLE POWER.
CAN POLICY CATCH UP?
Overview
This report is a white paper summary presentation to put forward recommendations that drive positive change in the corporate procurement of renewable energy supply in the Philippines, including specific reforms to the Green Energy Option (GEOP) program.
- Current state assessment for corporate renewables procurement in the Philippines and assessment of the GEOP.
- International best practice for green procurement – analysis of corporate renewables trends in relevant markets and lessons learned.
- Recommendations for positive reforms to improve GEOP effectiveness to better enable and promote green procurement among corporate end-users.
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Key Insights
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Strong Corporate Demand
Over 80% of surveyed businesses in the Philippines are actively interested in sourcing renewable energy, highlighting a significant market opportunity. -
Policy Gaps Limit Access
Current implementation of the Green Energy Option Program (GEOP) is hampered by regulatory ambiguity, lack of standardization, and procedural complexity. -
Cost and Clarity are Barriers
High pass-through charges and unclear billing mechanisms deter many potential corporate offtakers from pursuing GEOP -
Need for Transparent Tariffs
Corporates seek more predictable and transparent pricing structures to assess the true value of switching to renewable energy. -
Limited Awareness and Capacity
Many corporates, especially SMEs, lack sufficient awareness and technical knowledge to participate effectively in renewable energy procurement.
