AC Energy (ACEN), the listed energy platform of the Ayala group, announced Tuesday it successfully registered its first batch of customers under the Green Energy Option Program (GEOP).
GEOP provides end users the option to choose RE as their source for electricity.
ACEN said it would supply its customers RE from its portfolio of operating solar and geothermal plants in the Philippines.
The first batch of ACEN customers was enrolled with the Independent Electricity Market Operator of the Philippines (IEMOP), operator of the electricity market.
ACEN is targeting customers with an average peak demand of at least 100 kilowatts.
“We are proud to launch this program for our first customers, and also for the country, as it
signals our country’s pivot to renewable energy,” said Miguel de Jesus, executive director and head of Commercial Operations.
“Renewables are even more sensible at this time when fossil fuel prices are skyrocketing. And to preserve our planet for the next generation,” de Jesus added.
She said energy solutions that integrate sustainability go a long way in the greening of the grid, and government’s implementation of this policies gives more opportunities for ACEN to forge partnerships anchored on renewable energy.
ACEN has over 3,800 MW of attributable capacity in the Philippines, Vietnam, Indonesia, India and Australia, of which 87 percent is RE.
Negotiators released the first draft of a UN agreement on climate action Friday calling for fossil fuels to be reduced or eliminated, setting up a fierce fight at the COP28 talks in oil-rich United Arab Emirates.