The Energy Regulatory Commission approved a solar feed-in tariff of P8.69 per kilowatt for an additional capacity of 450 megawatts
Philippines FIT
Environmental group World Wide Fund for Nature (WWF) is supporting efforts to increase wind power allocation in the Feed-in Tariff (FIT) scheme that gives incentives to renewable energy investments in the Philippines.
The National Renewable Energy Board (NREB) is working on a mutually acceptable solution among power industry players for a proposed second wave of feed-in-tariff (FIT) incentives for solar power. Solar companies proposed to increase the installation targets for solar power to 500 megawatts from the current 50 MW.
Regulators have approved the payment and supply agreements that will govern the feed-in-tariff (FIT) system for renewable energy projects.
The Energy Regulatory Commission approved models for the renewable energy payment agreement, or REPA, and the renewable energy supply agreement, or RESA, that will pave the way for the collection of the feed-in tariff of P0.0406 per kilowatt-hour starting January.
“Based on the concessions that we currently have, including Iloilo and the ones in Ilocos Norte, I think there’s a potential of about 550 MW,” EDC president Richard Tantoco told reporters Thursday night. Tantoco said the wind projects might take a longer time to build pending feed-in tariff allocations. He said the 200-MW allocation of the Energy Department for feed-in tariff eligibility for wind projects was almost full.
The DOE earlier hiked the installation cap for solar plants to 500 megawatts (MW) from the earlier limit of 50 MW. The higher threshold will allow more developers of solar power to avail of feed-in-tariff (FIT) incentive.
The business group also urged the government to develop a “sustainable energy mix policy and FIT (feed-in tariff) implementation.” . . “For feed-in tariff to be a successful instrument, the feed-in tariff allowance universal charge needs to be passed and awarded to RE (renewable energy) projects that have achieved the required commercial operation. And to lessen ambiguity and doubt, additional MW allocations to the solar and wind FIT and their related FIT rates need to be formally declared by the DoE (Department of Energy),” the ECCP said.
The best example of legislation is the FEED-IN TARIFF LAW (FIT) of Japan. It motivated private individuals and companies to generate electricity (mainly from solar) and sold all of them to the regional grids. About 4,500 stores of 7-Eleven, each generating 10KW, will add to the grid before this year ends. Also about 2,600 stores of FAMILY MART will sell 10KW each stores to the grid before this year ends.
The FIT-All, a universal levy to be collected from power consumers for the benefit of renewable energy producers, will become another line item in electricity bill, similar to the universal charge.
