The Energy Regulatory Commission (ERC) has extended the suspension of the collection of feed-in-tariff allowance (FIT-All) for another six months starting March 2023 until August 2023.
This effectively brings relief to consumers in terms of a lower power rate of P0.0364 per kilowatt hour (kWh).
FIT-All is sourced from all electricity consumers to pay the premium of FIT eligible power plants currently at 4 centavos per kWh. The government assesses the charge each year and determine whether to increase or decrease it as needed.
The ERC first suspended the collection of the fee from December 2022 to February 2023.
“In view of the rising level of inflation and cost of living affecting millions of Filipino households, the ERC re-evaluated the FIT-All fund balance and found its healthy status, which can sufficiently cover the FIT-All payment requirements for six more months,” the regulatory body said in a statement.
Amid the directive, distribution utilities, retail electricity suppliers and the National Grid Corporation of the Philippines are directed to report to the ERC not later than March 31 on the status of its implementation of the suspension of the collection of FIT-All charge from December 2022 to February 2023 billing period to ensure correct and timely compliance.
