Renewable Energy Bill Passed in the Philippine Senate

No...I'm not talking about the $700B bailout bill that was shot down yesterday. I'm talking about the proposed Renewable Energy Act of the Philippines. After 20 years, this Clean Energy measure finally passed both houses! The Renewable Energy Coalition got the it to pass in the House of Representatives last June. Last Monday, the measure passed on 3rd reading in the Senate. In the next few weeks, congress will convene a bicameral conference committee to resolve contentious provisions of this measure. I will really be keeping an eye on the netmetering provision as the house will probably push for a 1% peak demand cap in contracts. My friend from Greenpeace will watch the fixed tariff provision.

What does this mean to the ordinary homeowner. It means that Renewable Energy home systems will be more affordable because of fiscal and operational incentives. ROI for systems will reduce significantly. The law will also mean that a certain % of the power you get comes from renewable energy.

Anyway...congratulations to the RE Coalition led by Cates Maceda. Special recognition goes to Rina Bernabe for all the legwork and coordination.