Electricity cost in the last few months have been volatile as we experience a worldwide energy crisis exacerbated by a surge in demand and an ongoing supply issue. This is keenly felt by the largest net energy importers such as the Philippines, whose reliance on importing coal and gas has seen a slew of higher electricity prices.
This trend is foreseen to continue as we remain heavily reliant on imported sources of fuel to meet the growing energy demand in the country.
Despite the volatility of electricity prices, the Philippines has the potential for energy security, self-sufficiency, and reduced reliance on imports by harnessing renewable energy from indigenous sources, according to Department of Energy Secretary Raphael Lotilla.
He notes that this is feasible as the Philippines is in a geographic location with lots of potential for solar, wind, and geothermal power. Thus, we have more than enough indigenous sources of energy – the key is for generation companies to build renewable energy capacity.
Going local means less volatile prices of electricity, and since renewable power doesn’t require imported fossil fuels for operations, it could possibly bring down the cost of power in the long term.
For businesses, one of the easiest ways to transition to renewable energy is via the DOE’s Green Energy Option Program (GEOP), a provision found in Section 9 of the Renewable Energy Act of 2008 (R.A. 9513) that allows businesses with a monthly average demand of 100 kW to choose RE as their source of electricity and to buy from their preferred GEOP supplier. The electricity bought from the GEOP supplier replaces the generation charge of distribution utilities for these customers.
With GEOP, end-users are empowered to utilize renewable energy sources in a least-cost sustainable manner and contribute to the development of RE sources in the PH. Additionally, shifting to RE via the GEOP will not require any installation or maintenance charges, thus, making the transition seamless.
Major companies across various industries in the Philippines already decided to make the switch to RE by partnering with ACEN Renewable Energy Solutions (RES), the retail electricity arm of the Ayala Group.
With this leap, they have been continuously experiencing improved cost efficiency, and reliable and sustainable business operations powered by RE.
We were looking for ways to reduce our electricity costs and learned about the Green Energy Option Program. The timing was perfect, we came across ACEN RES. We were happy with its proposal and of course, the Ayala brand of trust. Additionally, we are aligned with our customers who are also conscious of sustainability.Jennifer Uy-Ampon
We build long-term partnerships with each of our clients, built on trust and a tradition of excellence. We hold all our partners to that same standard. Because ACEN is an Ayala company, we know that it is stable, reliable, and trusted.Rosario Bautista-Barangan
Being able to choose our electricity supplier means that we also have greater control over which sources our energy supply will come from. The offer of ACEN RES had a guaranteed renewable energy supply, making it easy for our company to pivot towards sustainability.Charles Stewart Lee
If you are eligible for GEOP, become part of the renewable energy revolution. Contact ACEN RES for a free no-commitment required consultation.
ACEN Renewable Energy Solutions (ACEN RES) is the supply retail electricity unit of the Ayala Group. It is a licensed retail electricity supplier and renewable energy solutions provider powering businesses and industries through the Retail Competition and Open Access (RCOA) and the Green Energy Option Program (GEOP).