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Renewable Tariffs in the Philippines
- Philippine FIT Finally to be Released--The August target was also confirmed by Energy Secretary Jose Rene D. Almendras, who also announced that the much-awaited feed-in tariff (FIT) rates will likely be finally issued this year—a move that is expected to propel huge investments in the local renewable energy sector. . . “It should happen soon. There are ongoing discussions to bring all parties together . . . will happen a lot sooner than expected,” Almendras said. . .
- Business Standard: Philippines CERC Chooses Return on Equity for Measure of FIT Profitability--For renewable energy projects in the country, the Central Electricity Regulatory Commission (CERC) has proposed assured long-term tariff visibility and alignment of financial norms with the prevailing market conditions. In its draft tariff regulations, 2012, it has proposed the return on equity (RoE) to be revised keeping in view the increase in the Minimum Alternate Tax (MAT). Unlike the earlier three-year control period, the proposed period is for five years. The various proposals, except the capital cost norms for solar power, would remain valid for five years from April 1 next year. . .
- Philippines Inquirer: Feed-in-tariffs on renewable energy seen to benefit consumers--The controversial feed-in-tariff rates may be more beneficial for consumers in the long run as these will insulate them from the continued spikes in the prices of coal, according to World Bank investment arm International Finance Corp. . .
- Proposed Feed-in Tariffs in the Philippines
- ERC's Proposed Rule Making on the Adoption of Feed-in Tariffs
- BusinessWorld: Philippine Renewable energy rate scheme up for approval--The long-awaited "feed-in tariffs," said National Renewable Energy Board Chairman Pedro H. Maniego, are now with the Energy Regulatory Commission (ERC) for approval. . .
- Manilla Bulletin: Philippine's grand renewable energy ambition: Fact or fiction? By Myrna Velasco--Many other countries, around 60 of them, have followed Germany’s trailblazing FiT enforcement – notably the other European countries, Australia, Brazil, China, South Korea, South Africa, the United States, Taiwan, Mongolia, Israel and even Iran. Across Southeast Asia, the policy also gained momentum initially in Thailand; Malaysia this 2011; and hopefully, the Philippines next. . .
- More on Philippines FIT Development--The FIT once approved, shall be collected from consumers as a cost component in the bill as “FIT All.” System operator National Grid Corporation of the Philippines (NGCP) will act as settlement agent for the FIT costs due to the RE developers. . .
- Manila Bulletin: RE producers won’t be allowed windfall with proposed ‘degression’ of feed-in-tariff--A ‘degression rate’ structure or a feed-in-tariff (FiT) system which declines over the years is being injected into the Rules by the Energy Regulatory Commission (ERC) to ensure that renewable energy (RE) producers will not be reaping windfalls to the detriment of the electricity consumers. . .
- Manilla Times: Philippines to Introduced Feed-in Tariffs in First Quarter 2010--The National Renewable Energy Board (NREB) targets to complete the guidelines on renewable energy use in the country by the first quarter of next year. Arthur Aguilar, NREB chairman, said the board already set up committees to study the country’s renewable portfolio standards (RPS) and feed-in tariff for the use of “green” energy. . .
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