For a sustainable energy future: Meralco surpasses renewable energy commitment

Energy Secretary Raphael Lotilla lauded Manila Electric Co. for increasing its contracted renewable energy sources to 1,800 megawatts, surpassing its 1,500 MW Renewable Portfolio Standards (RPS) commitment.

“I hope more power utilities and other mandated participants will do the same and abide by the mandate of the RPS. Similarly, your move to reinforce the sourcing of RE-generated supply through your retail electricity supplier and the revving up of solar power developments of your power generation subsidiary is highly commendable,” he said.

He said the private sector will play a crucial role in boosting RE as the central pillars in achieving sustainable energy and assured them of incentives in developing their projects.

Meanwhile, he said the Department of Energy is now in the process of conducting public consultations on the draft 2023-2050 Philippine Energy Plan (PEP) which aligns with the objectives outlined in the Philippine Development Plan (PDP) 2023-2028, setting the stage for the country’s strong economic recovery and social transformation.

“The cornerstone of the draft PEP hinges on the increased utilization and accelerated RE development,” he said.

The government aims to to attain a minimum of 35 percent RE share in the power generation mix by 2030, and 50 percent by 2040.

Lotilla said DOE is also looking at the integration of progressive technologies that are reshaping the global energy landscape such as energy storage systems (ESS) which hold the ability to optimize variable RE integration.

DOE, in collaboration with the National Grid Corporation of the Philippines (NGCP) is also completing the smart and green grid plan aimed at ensuring the seamless integration of additional RE capacity to the grid in the coming years, he said.