PEP 2023-2050 Vol. I — Section B: Creating Wealth, Transition Finance, Consumer Empowerment, International, BARMM
Source: raw/_pdf/planning-docs/pep-2023-2050-vol1.pdf
PDF pages: 36–55 (internal doc pages 27–46)
Sections covered: II. Creating Wealth · III. Transition Finance · IV. Consumer Empowerment · V. International · VI. BARMM
Key Takeaways
Investment Requirements (Chapter II)
Total investment across the planning period (2023–2050) at 2022 prices [PEP 2023-2050 Vol. I, Table 2, p.28, 2023]:
| Scenario | Total (PhP B) | Total (USD B) | Jobs Created |
|---|---|---|---|
| REF | 19,646 | 357.2 | 1,441,999 |
| CES-1 | 27,811 | 505.6 | 2,174,185 |
| CES-2 | 31,336 | 569.7 | 2,499,984 |
CES-1 is 41.6% higher than REF; CES-2 is 12.7% higher than CES-1. Largest investment driver in CES: EVs and EVCS (PhP 1,784B by 2028 vs PhP 315B in REF). Power capacity additions by 2028: REF 18,528 MW / CES-1 18,195 MW / CES-2 19,656 MW [PEP 2023-2050 Vol. I, p.31, 2023].
Transition Finance (Chapter III)
- Philippines ranked 4th most attractive emerging market for RE — Bloomberg NEF 2023 Climatescope Report [PEP 2023-2050 Vol. I, p.33, 2023]
- BSP Circular 1185 (Dec 2023): +15% single borrower’s limit for green/sustainable projects; reserve requirements → 0% for sustainable bonds [PEP 2023-2050 Vol. I, p.33, 2023]
- Philippine Sustainable Finance Taxonomy Guidelines (SFTG) — BSP Circular 1187, Feb 2024 [PEP 2023-2050 Vol. I, p.34, 2023]
- CEFI Roadmap (OECD CEFIM): Philippines-specific action plan targeting OSW and EEC in public buildings [PEP 2023-2050 Vol. I, p.34, 2023]
- Clean Energy Finance Framework: 4 cornerstones — energy security, environmental sustainability, technological development, financing & investment [PEP 2023-2050 Vol. I, p.35, 2023]
- ETM: ACEN retired 246-MW CFPP in Batangas early via debt (private banks) + equity (GSIS) [PEP 2023-2050 Vol. I, p.35, 2023]; ADB running parallel ETM for Mindanao CFPP targeting 2026 retirement [PEP 2023-2050 Vol. I, p.36, 2023]
- International climate finance access: GCF, GEF, Adaptation Fund, CTCN, Loss and Damage Fund [PEP 2023-2050 Vol. I, p.36, 2023]
Consumer Empowerment (Chapter IV)
- Lifeline Rate — RA 11552 (2021) extends to 2051; targets 4Ps beneficiaries and below-poverty-threshold consumers; 191,399 registered of 4.2M eligible as of Dec 2023 [PEP 2023-2050 Vol. I, p.38-39, 2023]
- GEOP: 263 customers, 87 MW non-coincidental peak demand as of Sept 2023 [PEP 2023-2050 Vol. I, p.38, 2023]
- RPS: DC2022-09-0030 raised annual increment to 2.52%; DC2023-05-0014 extended to off-grid [PEP 2023-2050 Vol. I, p.38, 2023]
- UC-ME: government pursuing graduation (interconnection) + rationalization (targeted subsidy) [PEP 2023-2050 Vol. I, p.39, 2023]
- CSP: DC2023-06-0021 governs DU power supply procurement; DC2022-06-0027 on TPA accreditation [PEP 2023-2050 Vol. I, p.40, 2023]
- FIT-All: ERC suspended collection Dec 2022 onwards [PEP 2023-2050 Vol. I, p.40, 2023]
- Anti-Bill Shock Loan Program: ERC + Land Bank launched April 2023 [PEP 2023-2050 Vol. I, p.40, 2023]
BARMM (Chapter VI)
- IEB established October 2020 under BOL (RA 11054); 8 TWGs covering all energy subsectors [PEP 2023-2050 Vol. I, p.42-43, 2023]
- BARMM household electrification: 43.1% as of Dec 2023 — lowest in Mindanao [PEP 2023-2050 Vol. I, p.44, 2023]
- 1st BARMM Conventional Energy Bid Round launched 26 February 2024 [PEP 2023-2050 Vol. I, p.44, 2023]
- NTER targets 100% household electrification by 2028; uses standalone and microgrid systems [PEP 2023-2050 Vol. I, p.44-45, 2023]
Named Laws and Instruments Referenced
| Instrument | Description |
|---|---|
| PD No. 87 | Oil and gas service contract basis |
| RA 8479 | Downstream Oil Industry Deregulation Act |
| RA 9513 | Renewable Energy Act of 2008 (RPS legal basis) |
| RA 9136 | Electric Power Industry Reform Act (EPIRA); Sec. 73 amended by RA 11552 |
| RA 11054 (BOL) | Bangsamoro Organic Law (2018); establishes BARMM and IEB |
| RA 11234 (EVOSS Act) | Electric Vehicle and Other Sustainable Solutions Act |
| RA 11285 | Energy Efficiency and Conservation Act (2019) |
| RA 11310 | Pantawid Pamilyang Pilipino Program (4Ps) institutionalization |
| RA 11552 | Lifeline rate extension to 2051 (amends RA 9136, Sec. 73) |
| RA 11592 | LPG Industry Regulation Act (2021) |
| RA 11697 (EVIDA) | Electric Vehicle Industry Development Act (2022) |
| DC2020-06-0015 | PELP guidelines |
| DC2022-06-0027 | CSP — TPA accreditation guidelines |
| DC2022-09-0030 | RPS annual increment raised to 2.52% |
| DC2023-05-0014 | RPS rules for off-grid areas |
| DC2023-06-0021 | CSP policy for DU power supply procurement |
| BSP Circular 1185 (2023) | +15% SBL for green projects; 0% RR for sustainable bonds |
| BSP Circular 1187 (2024) | Sustainable Finance Taxonomy Guidelines (SFTG) |
| JDC 2022-11-0002 | DOE-DTI LPG Cylinder Exchange program |
| DO2022-07-0010 | IEB TWG establishment |
| DO2023-05-0013 | IEB TWG update |
Programs Referenced
- CREVI (Comprehensive Roadmap for the Electric Vehicle Industry)
- CEFI Roadmap / CEFIM (OECD Clean Energy Finance and Investment Mobilisation)
- GEMP (Government Energy Management Program)
- PELP (Philippine Energy Labelling Program)
- VFELP (Vehicles Fuel Economy Labelling Program)
- GEOP (Green Energy Option Program)
- RPS (Renewable Portfolio Standards)
- Net-Metering Program (NMP)
- UC-ME subsidy (Universal Charge for Missionary Electrification)
- CSP (Competitive Selection Process)
- ER 1-94
- NTER (National Total Electrification Roadmap)
- ETM (Energy Transition Mechanism)
- DRFI (Disaster Risk Financing and Insurance)
- PCECP (Philippine Conventional Energy Contracting Program)
Raw extraction: pdftotext output