The Energy Regulatory Commission (ERC) has approved long-pending adjustments to the Feed-in Tariffs (FIT) covering the calendar years (CY) 2021 to 2025 and has directed their recovery by the FIT-eligible plants entitled to it over a five-year period beginning CY 2026.
“The approval marks the first adjustment to the FIT scheme since 2020,” ERC Chairperson Nino Juan pointed out.
The FIT adjustments are provided by the ERC to incentivize the development of the renewable energy sector and encourage investments in new renewable energy capacities.
The FIT adjustments are provided and mandated under the FIT System Rules earlier promulgated by the ERC to incentivize the development of the renewable energy sector and encourage investments in new renewable energy capacities.
“It underscores our commitment to uphold and ensure the success of the FIT System as enshrined in the RE Act.”
“It underscores our commitment to uphold and ensure the success of the FIT System as enshrined in the RE Act,” Juan added.
For biomass, the rate for 2014–2015 biomass FIT entrants is adjusted to P7.0655/kWh in 2021, P6.9609 in 2022, P7.3298 in 2023, P7.9363 in 2024, and P8.1259 in 2025.
For run-of-river (ROR) hydro FIT, the rate of 2014–2015 hydro FIT entrants is set at P6.1747 in 2021, lowered to P6.1404 in 2022, P6.4514 in 2023, P6.9714 in 2024, and P7.1626 in 2025.
In the solar segment, the rate for 2014 plants adjusts to P10.5513 in 2021, decreasing to P10.2758 in 2022, P10.8507 in 2023, P11.7776 in 2024, and P12.0074 in 2025.
For wind, the rate for 2014 plants adjusts to P9.1940 in 2021, P9.0053 in 2022, P9.4960 in 2023, P10.2946 in 2024, and P10.5178 in 2025.
The rates for other FIT rounds are likewise discussed in the resolution to be posted in the ERC website.
