• Power consumers will again be charged an additional 3.64 centavos per kilowatt-hour (kWh) starting next month after the Energy Regulatory Commission (ERC) ordered the resumption of the collection of an additional charge meant to incentivize renewable energy developers.
  • The ERC announced on Thursday that the collection of Feed-in-Tariff Allowance (FIT-All) would resume in the February 2024 billing cycle, citing a “looming deficit” in the FIT-All fund.
  • According to ERC Chair Monalisa Dimalanta, the remaining FIT-All fund as of Jan. 5 was P2.98 billion. Some P2.2 billion is paid monthly to renewable energy developers.
  • FIT All serves as an incentive for renewable energy developers to encourage them to build more facilities and help increase the share of renewables in the country’s energy mix.