Philippines

ETP is strengthening the capacity of the Philippine Energy Regulatory Commission to champion energy transition. Under this project, ETP identifies gaps and opportunities in the regulatory context, fosters renewable energy investments, battery energy storage and ancillary services, as well as enhances power quality and reliability. It also helps digitalise grids and integrate renewable energy technologies in the energy system to achieve the national energy sector targets and consumer satisfaction.

ETP supports the Philippine Electricity Market Corporation to establish competitive and transparent market mechanisms for battery and other energy storage systems within the wholesale electricity spot market. The project fosters de-risking investments in the energy storage systems, enriches market participation, and facilitates modernisation of the power grid, thus enabling the Philippines to reach its renewable energy potential and climate targets.

The project finances Investment-Grade Audits done by local Energy Service Companies (ESCO) for energy efficiency projects to make these bankable and reduce risks to investments. The IGA will demonstrate the impact of energy efficiency measures in terms of tangible energy costs savings on clients' balance sheets and on GHG emissions reductions. The program also contributes in growing the local ESCO industry by engaging with different ESCOs and opening up the market for them. This program is led by Climargy, which is one of ETP’s grantees under the Energy Efficiency Innovation Window.

The project will establish the ESCO-in-a box® platform in the Philippines to support local ESCOs, by providing legal and financing tools and templates to facilitate transactions and by technical training and operational guidance. The ESCO-in-a-box, initiated by EP Group, is planned to be piloted in the Philippines and expanded in other countries of Southeast Asia. EP Group is one of ETP’s grantees under the Energy Efficiency Innovation Window.

ETP will support the implementation of the Philippine offshore wind roadmap by developing a marine spatial planning tool for offshore wind, assisting the formulation of a streamlined permitting and consenting process, and providing capacity building to stakeholders. This work may be extended to other marine renewables, including ocean tidal and floating solar.

ETP assesses what are the necessary technical and investment packages to upgrade the national power grid in Luzon, Visayas and Mindanao to smart grid standards and enable greater renewable energy integration. By developing a roadmap for these needs, the project makes recommendations to the Department of Energy on priority investments needed to enhance the transmission network and enable interconnection of renewable energy projects. This will optimize development timelines, reducing delays in renewable energy project commissioning and operations.