PE2 meets BOI TWG, pushes for expanded EE guidelines

  • PE2 meets BOI EE Guidelines Technical Working Group on 14 March 2019. From left: Dexter S. Pajarillo, BOI-RBIS; Director Nestor P. Arcansalin, BOI-RBIS; BOI Governor Napoleon E. Concepcion; PE2 president Alexander Ablaza, PE2 treasurer Theresa Acedillo Lapuz; Dino John B. Recto, BOI-IPPS; and, Luigi G. Eusebio, PE2 Secretariat. Not in photo was Allan Revote of BOI. (PE2 photo)
    PE2 meets BOI EE Guidelines Technical Working Group on 14 March 2019. From left: Dexter S. Pajarillo, BOI-RBIS; Director Nestor P. Arcansalin, BOI-RBIS; BOI Governor Napoleon E. Concepcion; PE2 president Alexander Ablaza, PE2 treasurer Theresa Acedillo Lapuz; Dino John B. Recto, BOI-IPPS; and, Luigi G. Eusebio, PE2 Secretariat. Not in photo was Allan Revote of BOI. (PE2 photo)

MAKATI CITY, 14 March 2019 – The Philippine Energy Efficiency Alliance (PE2) finally met earlier today the re-organizing Technical Working Group (TWG) that the Board of Investments (BOI) has created to craft and review the Energy Efficiency (EE) Guidelines under the 2017 Investment Priorities Plan approved by President Duterte. PE2 believes that expanding the EE guidelines will enable fiscal incentives to reach more EE projects across more end-use sectors.

The meeting was held after PE2’s 6 position letters through 2017-2018 and a request for a meeting and review of the EE guidelines in August 2018, following BOI’s approval and public circulation of the EE guidelines on 8 March 2018. While PE2 has been meeting regularly with the Resource-based Industries Service (RBIS) of BOI, its last meeting with the BOI TWG was on 2 March 2018.

During the meeting, PE2 president Alexander Ablaza noted that the EE guidelines have marked its first anniversary without a single application of an EE project for BOI registration since the public release of the guidelines. PE2 continues to offer its assistance to BOI in the objective of making the EE guidelines more responsive to the needs of the EE sector, in particular the end-user facility owners, the DOE-accredited energy service companies (ESCO) and the EE project developers which are raising capital and taking investment risk for EE projects located in premises that they do not own or lease. Joining Ablaza from PE2 were treasurer Theresa Acedillo-Lapuz and Luigi G. Eusebio of the PE2 secretariat.

PE2 continues to push for: the removal of restrictions on EE technologies and measures; the requirement for energy savings to be supported by detailed energy audits to be performed by DOE-accredited ESCOs; the inclusion of commercial and public buildings and facilities among eligible host entities (aside from manufacturers and agribusinesses); the improvement of the fiscal incentive package (e.g. the feasibility of declaring all EE projects as “pioneer status” to extend income tax holidays); and, to fully cover all project costs as the basis of income tax holiday caps. Beyond the scope of E.O. 226, otherwise known as the Omnibus Investments Code of 1987, PE2 is also hoping that the Energy Efficiency and Conservation Act, once passed into law, will also remove ownership restrictions with respect to nationality.

The BOI TWG, now headed by BOI Governor Napoleon E. Concepcion, warmly received PE2’s position and indicated that it will consider it during its internal review of the EE guidelines. The TWG has also firmly set a quarterly review of the said guidelines.

Both BOI and PE2 believe that the emerging EE guidelines, will become the basis of the corresponding fiscal incentives portion of the implementing rules and regulations of the pending Energy Efficiency & Conservation Act.

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