Published January 2, 2017, 10:00 PM By Myrna M.
Velasco
The Energy Regulatory Commission
(ERC) is scheduling public hearing for the bid of wind farm developers for a
higher feed-in-tariff (FIT) rate of P7.93 per kilowatt hour (kWh) compared to
what was approved in the second round at P7.40 per kWh.
The power industry regulator has
scheduled public consultation on the petition of the wind project developers
this week – or January 6, 2017 at 9:00am.
If regulatory nod would be accorded
on this, this may push the pass-on charge of FIT Allowance (FIT-All) to the
consumers. Currently, FIT administrator National Transmission Corporation
(TransCo) has a pending FIT-All application of P0.2291 per kWh at the ERC.
In its hearing notice, the
regulatory body stipulated that “the petitioners seek the amendment of the wind
FIT2 resolution and propose the adoption of P7.93/kWh as the wind FIT2 to which
the wind FIT2 eligible projects shall be entitled to, commencing from their
commercial operations date.”
The projects covered by this
petition include the 54-megawatt Pililla wind farm of Alternergy Wind One
Corporation; 54-MW San Lorenzo wind facility of Trans-Asia Renewable Energy
Corporation; and the 36-MW Nabas wind development of PetroWind Energy, Inc.
The developer-firms averred that
“the existing wind FIT2 does not allow (them) a reasonable rate of return on
investment as contemplated in the FIT Rules.”
It has been batted for that “an
amendment of the wind FIT2 resolution is in order to ensure that the wind
FIT2-eligible projects sufficiently recover their costs, sustain their
operations and attain reasonable return from their investments.”
Additionally, the ERC has noted that
such must be done while “ensuring that there is no resulting windfall revenues
for the petitioners and undue imposition to the consuming public.”
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