Group wants perks for energy-efficiency

By Alena Mae S. Flores – January 30, 2022, 6:25 pm
from manilastandard.net

The Philippine Energy Efficiency Alliance asked the Department of Energy to support the granting of incentives based on energy savings, and not just on technology used.

PE2 said all energy efficiency projects, strategic or otherwise, should be made eligible for Tier III fiscal incentives under Republic Act No. 11534, or the Corporate Recovery and Tax Incentives for Enterprises Act.

The PE2 position for Tier III re-classification of all EE projects was conveyed as a comment to the DOE draft department circular on the guidelines for the endorsement of EE strategic investments to the Board of Investments for fiscal incentives during the second public consultation.

“PE2 hopes that DOE can still support our push before BOI and the FIRB (Fiscal Incentives Review Board) for a universal Tier III classification of all EE projects, whether strategic or not. Otherwise, if there is a short-term need to define strategic EE for Tier III classification, PE2 believes that the value addition should not be technology-based, for technologies are rapidly evolving and cannot be captured by a static eligibility list,” PE2 president Alexander Ablaza said in a statement.