MAP, DOE collab to push energy agenda
MANILA, Philippines — The Management Association of the Philippines (MAP) has partnered with the Department of Energy to rev up the implementation of the Philippine Energy Plan (PEP) through 2050.
For this purpose, MAP and DOE signed a three-year joint energy action agenda.
MAP groups about 1,300 business executives, including several from energy firms such as Meralco, Prime Energy and more.
The joint agenda is particularly focused on addressing gaps in energy infrastructure. It offers cost-effective energy transition for off-grid and underserved areas, and meeting energy mix goals under the PEP.
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To do this, the two partners will review PEP assumptions, streamline approvals through the Energy Virtual One Stop Shop, improve waste-to-energy transition in highly urbanized areas, identify low-cost options for off-grid sites and promote gas competitiveness.
They also plan to address short- to medium-term bottlenecks by organizing a dialogue between the National Grid Corp. of the Philippines and the industry on transmission build-out needs.
MAP will also submit a proposal to the National Power Corp. to transform parts of the universal charge for missionary electrification into solutions for remote areas.
Boosting competitiveness
They also agreed to participate actively in the Energy Regulatory Commission’s Technical Working Group to boost competitiveness in the energy market. This could tap thousands of megawatts of dormant demand.
The PPP also aims to offer solutions for aggregated demand for small and short-term borrowers, provide offtake pathways for non-renewable capacities and diversify financing channels.
READ: PH target: 30% renewables by 2030
Additionally, MAP will respond to a DOE starter paper on derivatives for a futures-based market and expand capital access through commercial and development banks.
The pillars for the PPP were developed by the MAP Energy Committee following a roundtable in September, attended by senior officials from the government, industry, and the energy value chain. INQ
