Philippines: DOE to Finalize Stable Pricing System for Renewable Energy by End of year

DOE mulls stable pricing system for renewable energy (SunStar)

(Courtesy CIA.gov)

The Department of Energy (DOE) is pushing for a pricing system for renewable energy (RE) to further boost investment interest in the sector.

Energy Undersecretary Felix William Fuentebella said the government’s Green Energy Pricing Program (Gepp) aims to establish “stable pricing” in the RE sector so that investors would be encouraged to generate more green power.

He said the pricing system is necessary to push investors to develop indigenous power sources.

Under the program, the DOE is planning to set a ceiling price for RE players to attract investors and promote competition in the industry.

He said the agency is expected to release the final rules and guidelines for the Gepp by the end of this year after all consultations are done nationwide.

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