CEPALCO to Start Collecting the Additional P0.0590/kwh FIT-ALL Charge Starting with the June 2017 Based on ERC Guidelines

Posted by on Jun 14, 2017 in Announcements, Corporate News

CEPALCO to Start Collecting the Additional P0.0590/kwh FIT-ALL Charge Starting with the June 2017 Based on ERC Guidelines

30 May 2017

ERC Issues Final Decision on 2016 FIT- Allowance

CEPALCO to Start Collecting the Additional P0.0590/kwh
FIT-ALL Charge Starting with the June 2017 Based on ERC Guidelines

The Energy Regulatory Commission (ERC) issued its final approval of the petition of the National Transmission Corporation (TransCo) for a Feed-in Tariff Allowance (FIT-All) for Calendar Year 2016. The additional FIT-All adjustment to be collected from all on-grid customers is P0.0590/kwh, hence, a total of P0.1830/kwh from the current rate of P0.1240/kwh. The adjustment will take effect starting with the June 2017 billings based on the ERC Guidelines.

To recall, the FIT-ALL serves as an incentive for renewable-energy (RE) developers, such as those operating wind, run-of-river hydro, solar and biomass power generation facilities. The mechanism was established pursuant to the Renewable Energy Act of 2008, which aims to spur the development of clean and renewable power sources which have been hampered by high investment costs and limited markets as compared with conventional generating plants.

As per ERC guidelines, the FIT-All charge will be collected from power consumers all over the country and will be reflected in the electricity bill as a separate item (similar to the Universal Charge), as mandated by the Renewable Energy Act of 2008 (RA 9513). The amount collected by the Collecting Agents, like CEPALCO, will then be remitted in full to the National Transmission Company (TRANSCO), the designated FIT-All Fund Administrator.

For the information and guidance of all CEPALCO customers.

THANK YOU.

Released by:

 

Ms. Marilyn A. Chavez
Assistant Vice President
Head, Customer & Community Relations Dept.