State-run National Transmission Corporation (TransCo) has proposed a catch-up feed-in tariff allowance (FIT-All) rate of P0.3675 per kilowatt-hour (kWh) effective the September billing period.
TransCo asked the Energy Regulatory Commission (ERC) to issue a provisional authority to collect the catch-up FIT-All rate, pending the final disposition of its application.
Alternatively, TransCo sought approval for a FIT-All rate of P0.1879 per kWh effective the January 2025 billing period, or P0.3160 per kWh effective the August 2025 billing period.
TransCo, by virtue of the ERC Resolution No. 15, Series of 2012, is the administrator of the FIT-All.
The FIT-All is a uniform peso-per-kWh charge billed to all on-grid electricity consumers who are supplied with power through the distribution or transmission network.
The current FIT-All rate is at P0.1189 per kWh.
TransCo files its FIT-All application with the ERC annually in its capacity as the FIT-All fund administrator, tasked with the establishment, management, administration and disbursement/settlement of the FIT-All Fund.
The fund is used to pay the FIT of renewable energy developers, as mandated under the Renewable Energy Act of 2008.
The law mandated establishing a FIT system for electricity produced from wind, solar, ocean, run-of-river, hydropower and biomass. The FIT system guarantees all eligible renewable energy (RE) plants an entitlement for the applicable FITs for 20 years.
Under the ERC-issued guidelines, the FIT-All rate should be approved by the regulator by October the year before it should be implemented.
Since this did not happen and due to the delays, the payables to the RE developers have accumulated.
