Unlocking savings: DOE's Green Energy Option Program puts millions back into businesses

In 2008, the Philippine Congress passed the Renewable Energy Act, paving the way for establishment of the Green Energy Option Program (GEOP). This voluntary mechanism allows eligible businesses to utilize power from green energy sources through qualified renewable energy (RE) suppliers. These RE sources may be wind, solar, geothermal, hydroelectric, or biomass.

Since renewable energy is freely and abundantly provided by nature and is not an imported commodity unlike conventional fuels like coal, natural gas, and crude oil, electric power derived from it tends to be cheaper, especially in the long term.

Many countries also incentivize consumption of renewables, making it even more palatable to customers. In the Philippines, GEOP customers enjoy Zero-Rated VAT on their renewable energy purchases. Additionally, switching to renewable energy sources enables these companies to contribute to a cleaner and more sustainable environment for the future of the planet and the future generations.

The Green Energy Option Program is open to businesses with an average monthly demand of at least 100 kilowatts (kW) or an estimated monthly bill of at least Php300,000 for the past twelve months. Businesses operating for less than a year are eligible if their average peak demand for the period is at least 300kW, or if their projected average peak demand for three consecutive months is between 100kW and 300kW.

Distribution Utilities (DUs) are also required to notify their customers once they breach the eligibility threshold for the GEOP.

Apart from the power to choose renewable energy, GEOP end-users may also source their power from any licensed renewable energy suppliers. Among them is ACEN Renewable Energy Solutions (ACEN RES), the retail electricity supply unit of ACEN, an Ayala company.

ACEN RES is trusted by hundreds of businesses across a wide range of industries – schools, manufacturing facilities, cold storage facilities, business process outsourcing, financial institutions, and the like – to provide them with 100% renewable energy supply. ACEN RES also makes it convenient for businesses to transition to RE supply providing end-to-end support from initial consultations and agreement discussions to the switching process.

Message ACEN RES for a free consultation and discover how your business can maximize profit through savings on your electricity bills and help promote a sustainable future.