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Energy one-stop shop to facilitate clean energy investments, Velasco says

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House committee on energy chair Lord Allan Velasco (Marinduque) said the newly approved Republic Act No. 11234 or the Energy Virtual One Stop Shop (EVOSS) law will help guarantee the power needs to homes of three million Filipino households that still do not have access to electricity.

Velasco said the EVOSS Law, recently signed by President Rodrigo Duterte, will ensure better investment for clean and renewable energy sources in the country.

With the enactment of the law, he said the country will be ready for giant investments on clean energy sources that will put an end to the electricity woes of many Filipinos—particularly those who live in geographically isolated areas.

The EVOSS Law, strongly endorsed by Velasco’s panel, seeks to streamline the process of granting permits on power generation, transmission and distribution of power projects.

With the approval of the law, he explained that government must push for the development of more environment-friendly and sustainable sources like solar and wind power.

“As our population grows, it’s not only important to tap new sources of energy to meet the demand,” said Velasco.

According to Velasco, the EVOSS law is envisioned to add more investments foreign or local in the power sector regardless of technology with the elimination of red tape, which is hurting the cost and ease of doing business in the country.

“We should also make it a priority to harness renewable sources of energy that are clean and cheap,” the solon added.

Citing a 2018 study conducted by the Australian-based International Energy Consultants, Velasco noted that the Philippines ranked second in the top five countries with the highest power rates after Japan in Asia-Pacific region.

Power consumption across the three main islands in the Philippines according to Velasco increased four percent to 94,370 gigawatt hours (GWh) in 2017 from previous year.

In Luzon power use soar to 3.58 percent or 69.625 Gh2 from 67,221; Visayas jumped 5.8 percent to 12,942 GWh from 12,232 GWh; and Mindanao moved upward by 4.04 percent to 11,803 GWh from 11,345 GWh.

“What the country needs is renewable sources of energy to meet the future demands for electricity. We should add more windmills, solar panels and hydro elecrtic energy producers. These are the areas where we need to attract investments and capital,” said Velasco.

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