The Philippine Energy Efficiency Alliance on Thursday urged for the immediate signing into law of the Energy Efficiency & Conservation Act pending with the Office of the President.
The group said every month of delay was depriving the economy from the P37.8 trillion worth of energy savings expected until 2040.
“This means that households, small businesses, buildings, industries, public facilities and other energy end-use sectors stand to collectively save less than P37.8 trillion in avoided energy purchases between now and 2040 if the passage of the EE&C Act slips beyond this first quarter of 2019,” PE2 president Alexander Ablaza said.
The bicameral conference committee already approved the EE&C Act and is in the process of transmitting the measure for the approval of President Rodrigo Duterte.
The committee convened to reconcile the provisions of Senate Bill 1531 and House Bill 8629 and approved the EE&C Act in January.
