December 18, 2015 10:35 pm by RITCHIE A. HORARIO
THE Energy Regulatory
Commission (ERC) has urged renewable energy (RE) developers to submit in
advance their proposed adjusted charges for the feed-in-tariff allowance
(FIT-All) scheme.
ERC chairman Jose
Vicente B. Salazar said RE developers should come up with their updated charges
that should reflect the cost of additional anticipated capacity over the next
three years.
“We want their filing to be updated to
already cover the forecast capacity coming from RE,” Salazar said.
He said the ERC wants to have a clear picture of how much per kilowatt-hour
(kWh) of FIT-All will be reflected in the bills.
Once the developers
submit their forecast additional RE capacity, Salazar said the ERC would be
able to determine how much rate will support the FIT-All scheme.
“If they could [give
us a] forecast up to 2018, then we will be able to determine how much is the
approved rate to support the FIT-All,” he said.
Salazar therefore
urged RE developers to file immediately their target rates based on their
corresponding capacity.
According to initial
estimates of the National Transmission Corporation (TransCo), the FIT-All for
2016 has reportedly been set at P0.12 to P0.13 per kWh.
However, the rate may
change depending on the capacities coming from additional projects that will
come online next year.
TransCo is the duly
designated FIT administrator that settles the FIT charges due to all qualified
RE developers. The current FIT-All rate being passed on to consumers has been
pegged at P0.04 per kWh.
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