Originally, run-of-river hydro and biomass projects had 250 MW each; wind, 200 MW; and solar, 50 MW.
Philippines FIT
The government is considering increasing the capacity allocation for wind power projects under the feed-in tariff (FiT) program.
Facing pressure due in large part to a pipeline of proposed PV installations and increasing electricity demand, the Philippine Department of Energy (DOE) is organising plans to raise its feed-in tariff (FiT) cap to 10 times more than the current rate.
The Department of Energy (DOE) is mulling an increase in the number of solar plant operators that may avail of tariff incentives to address tight electricity supply especially during the summer months. . . Energy Secretary Carlos Jericho L. Petilla today told reporters that the agency may hike the 50-megawatt (MW) installation target for solar plants by another 450 MW to draw additional investments in that technology.
The government may allow a bigger number of solar power facilities to enjoy tariff incentives on account of the large number of proponents of such renewable energy projects.
THE National Transmission Corp. (TransCo) is seen designating a trustee bank, likely one of two government-owned lenders, which will manage the feed-in tariff (FIT) allowance fund.
The recent approval of the Feed-In-Tariff (FIT) Disbursement and Collection Guidelines has ushered in more investments in the renewable energy plants powered by solar, wind, biomass and run-of-river hydro.
The Energy Regulatory Commission (ERC) has finally approved the Feed in Tariff (FIT) Disbursement and Collections Guidelines, which will pave the way for an additional 320 megawatts of much needed generation capacity in the national grid.
Feed-in-tariffs are fixed prices per kilowatt-hour that are pre-agreed for a certain period between the project proponent and the distribution companies who buy the electricity. In China, a feed-in-tariff of around one yuan per kilowatt-hour has been in effect since 2011, although adjustments to this rate has been allowed based on local conditions.
However, Pete Maniego, chair of the National Renewable Energy Board, points out that the proposed feed-in tariff (FIT) rates for hydro and biomass power at P6.15 and P7 per kWh, respectively, are already lower than the approved electricity rates for coal plants in 2011. Maniego notes that coal advocates usually emphasize the price advantage of coal, “but that cost advantage does not factor the ill effects of carbon in the atmosphere… hidden costs [that] are not borne by the electricity or transport payer, but by those in the community whose health are affected.” . . .
