00:00DOE Undersecretary Rowena Cristina Guevara highlighted the benefits of integrating renewable energy in off-grid areas served by Small Power Utilities Group, or SPOG, saying it could provide cleaner, more reliable, and affordable electricity for Filipino consumers.
00:17She noted that the biggest hurdle is financing, particularly enabling low-interest loans for redevelopers without sovereign guarantees or long-term power contracts.
00:27Currently, generation costs in SPOG areas can reach up to 62 pesos per kilowatt-hour, but consumers pay only 7 pesos to 8 pesos per kilowatt-hour thanks to subsidies.
00:40Guevara emphasized the need to attract more replayers to help lower costs while transforming energy supply in these areas.
00:47Government agencies, financial institutions, and industry groups are working together to explore viable financing structures and partnerships to accelerate the country's energy transition.
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