Power consumers in the Philippines will soon have an option to source their supply from renewable Energy (RE) producers with the implementation of the “Green Energy Option Program” (GEOP) by the Department of Energy (DOE). The implementation of GEOP will give consumers the option to choose the best and most budget efficient power supplier. Renewable Energy sources shall include biomass, geothermal, hydro, ocean, wind and solar.
The program will only be offered to individuals or establishments that consume more than 100 kilowatt of electricity per month. Renewable Energy suppliers must also be holders of a certificate of commerciality, offer sheets and must be registered with the Securities and Exchange Commission (SEC).
Under the Green Energy Option Program:
End consumers shall have the option to source their Energy requirements from the Distribution Utilities (DUs) and Retail Electricity Suppliers
DUs and Electric Cooperative shall contract directly with RE Developers for the corresponding requirements of end-consumers’ option.
Contestable customer/s can contract directly with RE Developers or Supplier.
(Source: Department of Energy)