The Energy Regulatory Commission (ERC) has approved an increase in the Feed-in Tariff Allowance (FIT-All) rate, which will soon take effect on the electricity bills of on-grid consumers. In a statement on Saturday, Feb. 22, the ERC said it greenlit a FIT-All charge of ₱0.1189 per kilowatt-hour...
The feed-in-tariff allowance (FIT-All) fund is seen teetering on deficit by February billing, hence, that prompted the Energy Regulatory Commission (ERC) to re-impose next month the collection of the P0.0364 per kilowatt hour (kWh) subsidy for the qualified renewable energy (RE) projects. “As the...
The Energy Regulatory Commission (ERC) is poised to sustain the suspension of the P0.0364 per kilowatt hour (kWh) feed-in-tariff allowance (FIT-All) line item in the electric bills until the end of the year, hence, providing slight relief in the pockets of all ratepayers especially during the high...
The Energy Regulatory Commission (ERC) is seriously weighing the resumption of collection of the P0.0364 per kilowatt hour (kWh) feed-in-tariff allowance (FIT-All) in the electric bills of all consumers, amid dwindling subsidy fund for renewable energy (RE) capacities. According to ERC Chairperson...
The Energy Regulatory Commission (ERC) has enforced a band-aid measure to lower power rates by extending the suspension of the feed-in-tariff allowance (FIT-All) for another six months. FIT-All, which is a subsidy cost being collected from all ratepayers to incentivize qualified renewable energy...
Customers of Manila Electric Company (Meralco) don’t need to worry much about added financial burden in their electric bills this month, as the overall tariff to be passed on is seen “flattish” in this September billing cycle. Meralco Logo According to Joe Zaldarriaga, vice president and...
State-run National Transmission Corporation (TransCo) has warned that the feed-in-tariff allowance (FIT-All) fund could be depleted, adversely impacting the financial viability of the beneficiary-renewable energy (RE) firms. TransCo President and CEO Melvin A. Matibag In a virtual conference...
Power utility giant Manila Electric Company (Meralco) is anticipating probable increase in power rates to be passed on to its customers in the January bills. The power firm said there had been lower demand in Luzon grid within December supply month, hence, the fixed cost component in the...
Electricity consumers will be greeted with a “Happy New Year rate hike” as they will need to pay more as subsidy to renewable energy (RE) projects via the feed-in-tariff allowance (FIT-All) line item in the electric bills that had been jacked up to P0.0983 per kilowatt hour (kwh), almost double...
