ERC extends suspension of FIT-All collection until August
Electricity consumers shall expect a relief in the next six months after the Energy Regulatory Commission (ERC) extended the suspended collection of the Feed-in Tariff Allowance (FIT-All).
In a statement, the ERC said FIT-All collection will continue to be suspended starting March until August 2023.
The directive is contained in ERC’s Notice of Resolution dated February 22, 2023.
To recall, the power industry regulator suspended FIT-All collection from December 2022 to February 2023.
“Amid high cost of electricity, the ERC’s move will bring relief to the consumers in terms of a lower power rate by P0.0364 per kilowatt-hour (kWh),” it said.
The FIT-All is a uniform charge imposed on all on-grid electricity consumers, and is a component of the electricity bill, that ensures the development and promotion of renewable energy (RE) in the country.
The prevailing FIT-All rate is P0.0364 per kWh.
With the suspension of FIT-All collection, a typical household consuming 200 kWh in a month may expect a reduction of about P7.28 in their monthly bills for the next six months.
“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 ERC said.
The agency also directed distribution utilities (DUs), retail electricity suppliers (RES), and National Grid Corporation of the Philippines (NGCP) to report not later than March 31, 2023, the status of its implementation of the suspension of the collection of FIT-All charge from December 2022 to February 2023 billing period.—AOL, GMA Integrated News