ERC Inks Partnership Agreement with ETP
With the aim of ensuring that energy transition is accounted for in the design for energy sector regulations, the Energy Regulatory Commission (ERC) and the Southeast Asia Energy Transition Partnership (ETP) entered into a Partnership Agreement in a Ceremonial Signing held on 6th May 2022 through a hybrid event – physical and virtual participation. “This collaboration with ETP in the form of a partnership would be of mutual benefit and will, therefore, increase the effectiveness for both of our agencies in terms of fulfilling our respective mandates and functions in relation to moving towards a low carbon energy system,”
ERC Chairperson and CEO Agnes VST Devanadera explained.
The Agreement seeks to provide a framework of cooperation and facilitate collaboration between the Parties on a non-exclusive basis, in areas of common interest in accelerating energy transition in the Philippines.
With the cooperation having been formalized, ETP will provide Technical Assistance to ERC in areas such as, but not limited to, operating and performance standards for Renewable Energy (RE) generators; energy efficiency; strategic regulatory review, etc. to aid the latter in formulating regulations responsive to the purpose of energy transition and moving toward a low carbon economy and to facilitate the Philippines’ achieving its stated Nationally Determined Contributions (NDC).
ERC, for its part, will undertake the assessment of regulatory options to pursue a low carbon energy system and setting the leading parameters for the investments and competencies required to move to such a modern system.
ETP is hosted under the United Nations Office for Project Services (UNOPS). It is a multi-stakeholder platform that aims to accelerate energy transition and deliver the Paris Agreement targets on climate change by engaging governmental partners and philanthropic donors to support the energy transition in the Southeast Asian region through blended-finance with capacity building and technical assistance support.
The signing ceremony of the Partnership Agreement was attended by ERC Commissioner Floresinda G. Baldo-Digal (on behalf of Chairperson and CEO Agnes VST Devanadera), Ms. Sirpa Jarvenpaa, Director of ETP and Ms. Samina Kadwani, Head of UNOPS Multi-Country Office. The Agreement is non-exclusive and shall have an initial term of five (5) years.“This Partnership Agreement with ETP is another milestone for ERC and will be of great help towards the achievement of the NDC target of reducing carbon emissions by 75 percent by the year 2030,”
ERC Chair Devanadera concluded.