DOE: Energy-efficiency investments hit P6.8b

By Alena Mae S. Flores – June 13, 2023, 7:00 pm
from manilastandard.net

The Department of Energy said Tuesday its Energy Utilization Management Bureau recorded about P6.8 billion worth of energy efficiency investments from 2021 to 2022.

EE investments include projects such as new installation, upgrading, or retrofitting specific equipment or devices such as lighting retrofit, automated lighting control system or smart control system, heating, ventilation and air-conditioning upgrades, boiler replacement and other similar devices or equipment.

The DOE said the investments are based on the Annual Energy Efficiency and Conservation and Annual Energy Consumption Reports submitted by the designated establishments for the compliance period of 2021-2022.

These establishments include private entities in the commercial, industrial, transport, power, agriculture, public works and other sectors identified by the DOE as energy-intensive industries based on their annual consumption from the previous year.

“I am very pleased that our DEs are moving forward on EEC. These accomplishments bring multiple benefits for the companies such as enhancing the sustainability of the energy system, supporting strategic objectives for economic and social development, promoting environmental goals and increasing prosperity,” said Energy Secretary Raphael Lotilla.