Gov't Posts P2.3-Billion Savings from Better Energy Management
The combined initiatives of the private sector and government to efficiently manage energy consumption resulted in a hefty P2.3-billion cost savings for the country, according to data logged by the Department of Energy.
The department noted the savings of 33 private companies recognized for their remarkable achievements in their energy consumption, through the 2006 Don Emilio Abello Energy Efficiency Awards, was estimated at P1.73 billion worth, translating to around 64.23 million liters of oil equivalent.
The implementation of the government energy management program for both the power and oil sectors, on the other hand, resulted in P613.86-million worth of savings for the periods from September 2005 to February 2007.
With this, the DoE said the country was able to save 68,064,235 kilowatt hours of electricity or about P522.23 million; while savings from reduced consumption of gasoline and diesel oil amounted to P91.63 million.
The move to cut down oil consumption was partly prompted by the relentless climb in global oil prices. Product usage-wise, this brought down gasoline consumption by 974,556 liters and 1,596,072 liters for diesel.
The cost savings registered by the recognized energy efficient companies and government entities, according to Energy secretary Raphael P.M. Lotilla is a testament to the recent survey result released by Grant Thornton International indicating that it was on the top of Philippine companies' agenda to manage their respective energy consumptions. …