Cusi entices global investors for GEOP on RE installations

Energy Secretary Alfonso G. Cusi is intensifying his invitation to global investors to take a second look at the Philippines, primarily on the sphere of new renewable energy (RE) investments.

- MYRNA M. VELASCO

He told foreign investors that the country’s RE sector could be whipped up by the Green Energy Option Program (GEOP), which is a policy putting in the hands of consumers their choice to plump for RE in securing their energy supply.

“GEOP is a RE policy mechanism that provides end-users the option to choose RE resources as their source of energy,” the energy chief told virtual participants in the recently concluded Energy Transition Council (ETC) of the 26th Conference of Parties (COP 26) or the 2021 United Nations Climate Change Conference.

The GEOP, which fundamentally allows consumers to exercise their power of choice on patronage of RE-generated electricity services, is an enshrined edict under Section 9, Chapter III of Republic Act 9513 or the Renewable Energy Act of 2008.