IEMOP launches the Green Energy Option Program

The Independent Electricity Market Operator of the Philippines (IEMOP) launched the Green Energy Option Program or GEOP today, Dec. 3, 2021. This is following the Energy Regulatory Commission's issuance of ERC Resolution No. 08, Series of 2021. GEOP is one of the various programs under the Renewable Energy Act of 2008 which aimed to promote the development of renewable energy in the country. The program provides consumers an option to source their electricity supply from renewable energy resources, such as biomass, solar, wind, geothermal, ocean energy and hydropower.

The ERC Resolution, in harmony with the Department of Energy's Circular No. DC2018-07-0009, announced that those with average peak electricity requirements equal to or greater than 100kW are the first set of consumers that may avail of GEOP. Similar to the Retail Competition and Open Access (RCOA) program, consumers who are qualified to participate in the GEOP are no longer constrained to only source their electricity supply from the distribution utility of their location. Eligible consumers may now choose from various "Renewable Energy Suppliers" that are authorized by the DOE to procure energy from renewable energy facilities. Through such mechanism, GEOP aims to contribute to energy sustainability and promote further competition in the electricity sector.