PE2 reports policy milestones to NCC

PE2 reports policy milestones to NCC during its NCC Champions' Meeting

MAKATI CITY, 26 April 2018 — The Philippine Energy Efficiency Alliance (PE2) reported on its accomplishments relating to policy reform activities designed to advance energy productivity as a fundamental strategy to improve the competitiveness of the Philippines in the global investment market. PE2 delivered this report to the leadership and across the various working groups of the National Competitiveness Council (NCC) during its NCC Champions’ Meeting held here earlier today.

PE2 was represented by its president Alexander Ablaza and its member services and communications manager Luigi Eusebio. The Department of Energy (DOE) was represented by Undersecretary Jesus Cristino P. Posadas. The NCC meeting was co-chaired by Undersecretary Rowel S. Barba of the Department of Trade and Industry, and by Guillermo M. Luz, representing the private sector.

PE2, reporting through the NCC Power & Energy Working Group chaired by Atty. Pedro H. Maniego, Jr, stated that it has kicked off the process of working with DOE, the Department of Budget and Management, the Government Procurement Policy Board and the Commission on Audit toward a common position on the mobilization of private capital, off-balance sheet procurement, budgeting and financing of EE projects for public facilities.

PE2 also made known during this NCC meeting that the Energy Efficiency and Conservation Act of 2018 was approved 18-0 on 3rd and final reading on 5 February 2018 in the Senate. The counterpart measure in the House of Representatives was likewise approved by its Committee on Energy on 14 August 2017, and by its Committee on Appropriations on 7 February 2018.

Ablaza also informed the NCC that the Board of Investments (BOI) approved on 21 February 2018 its preliminary guidelines on energy efficiency projects under the 2017 Investment Priorities Plan, and that PE2 will continue to work closely with BOI so that the approved guidelines are expanded to scale-up foreign and local investments in energy efficiency projects beyond the initial list of 3 eligible technologies.

The PE2 president made known the position of the Alliance seeking the relaxation of ownership nationality restrictions in the granting of fiscal incentives for energy efficiency projects under the pending bill, still deliberated upon by the Committee on Ways and Means of the House of Representatives.

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