MANILA, Philippines — The Energy Regulatory Commission on Thursday said the country is planning to make renewable energy one of its leading sources of power supply in less than 10 years, to account for at least 35 percent of the energy mix by 2030 and more than 40 percent by 2040.
“We already have a target for 2030, 2040 target. By 2030, 35 percent of our mix should already be coming from renewables; in 2040, 40 percent,” said ERC chair Monalisa Dimalante in a press forum.
To achieve this target, Dimalante said the ERC had increased its renewable portfolio standard (RPS) to 2.52 percent from 1 percent.
The RPS, as defined by Philippine Electricity Market Corp, refers to a market-based policy which mandates electricity suppliers to source a portion of their energy supply from renewable energy resources to further contribute to the growth of the renewable industry in the country.
However, Dimalante said the country has no target date yet for a full (or 100 percent) transition to renewable energy.
Currently, she said coal remained the country’s main source of energy, followed by petroleum, and lastly, renewable energy.
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