The energy efficiency industry said it is expecting approval in the second half of 2022 of guidelines that will clarify the workings of Republic Act No. 11285, or the Energy Efficiency and Conservation Act, in time for the full reopening of the economy.
In a Viber message, Philippine Energy Efficiency Alliance President Alexander D. Ablaza said clearer rules will allow developers to plan their projects more effectively, particularly once the procedures for energy audits are outlined.
PE2 is also awaiting the Board of Investments approval for the Tier III reclassification of all EE projects, regardless of whether they are strategic or complex, which Mr. Ablaza said will help address the estimated P12.2-trillion “investment gap” by offering an incentive framework for third-party investors.
With the implementation of the EEC law, designated establishments are directed to install energy management systems in order to become more efficient users of energy.