AboitizPower seals first Green Energy Option Program deal

April 11, 2022

AboitizPower seals first Green Energy Option Program deal
With its extensive renewable energy portfolio, AboitizPower makes it easier for end-users to switch to green energy options. In this photo is AboitizPower subsidiary Hedcor's run-of-river hydropower plant located in Tuba, Benguet.

Vita Tropic Ice Company, Inc., an ice manufacturing company located in Malabon City, has recently switched to Advent Energy Inc., a retail business unit of AboitizPower, upon successful completion of the Green Energy Option Program (GEOP) switching process.

Vita Tropic is AboitizPower’s first GEOP customer and the partnership commenced on March 26, 2022.

GEOP, a salient point of the Renewable Energy Act of 2008, is a voluntary policy mechanism that provides electricity end-users with an average peak demand of at least 100 kW for the past 12 months, the option to switch to renewable energy sources and choose their own renewable energy supplier.

“As responsible citizens, we must ensure that in everything that we do, we do it with utmost regard to what effects it has on our environment, which is why we are very proud to be one of the first GEOP customers in the country today. We’re happy to be partners with AboitizPower, a leader in the Philippine power industry. Through concrete solutions that use the best practices, our partnership built on trust and shared values give us the power to create meaningful impacts to build a better world for a cleaner and more sustainable future,” said David Co, Vita Tropic Ice Company Inc., Business Development.

AboitizPower has already received GEOP permits from the Department of Energy (DOE) for its retail companies, namely Advent Energy Inc., Aboitiz Energy Solutions Inc. (AESI), and Prism Energy Inc. With the DOE-issued permit, these entities are authorized to enter into a supply contract with qualified GEOP customers.

“We at AboitizPower fully support GEOP as we believe it’s a key driver of renewable energy growth in the Philippines. This gives more customers the option and opportunity to join the movement towards a sustainable energy transition. We’ve been looking forward to the implementation of GEOP and now that it’s finally happening, we’re confident that we have the ability and expertise to serve the needs of the GEOP market,” said Juan Alejandro Aboitiz, AboitizPower Senior Vice President for Commercial Operations.