03 SEPTEMBER 2012
Deadline for FIT-All comments set Sept. 12
THE ENERGY Regulatory Commission (ERC) has set the deadline for stakeholders to submit comments on the proposed feed-in tariff allowance (FIT-All) guidelines submitted by the National Renewable Energy Board (NREB).
The regulatory body said all interested parties may submit their respective comments on the proposed FIT-All guidelines on or before Sept. 12.
"Parties who have filed their written comments on or before the prescribed period shall be given priority during the scheduled public consultation," the ERC said in a notice.
Meanwhile, public consultation for the proposed FIT-All guidelines was set on Sept. 20.
"We want to be participatory. Since we already have the proposed guidelines, we are asking for inputs from the public. We are also open to hearing inputs from other stakeholders on their proposed guidelines," ERC Executive Director Francisco Saturnino C. Juan said in a phone interview yesterday.
"NREB’s proposal is a collection guideline which will supplement FIT rules. What NREB proposed includes how FIT-All will be collected from consumers, the computation, how FIT-All will be collected in transmission and distribution," Mr. Juan said.
FIT-All is a separate uniform charge which will be determined and collected from all grid-connected consumers, should the payment of the FIT require a differential above the prevailing cost recovery rate for eligible renewable energy (RE) generation.
On April 18, the commission said it received a letter from the NREB endorsing the proposed FIT-All payment and collection guidelines.
NREB said the proposed FIT-All guidelines will govern how the FIT-All will be calculated using the formulas provided, outlines the process of billing and collecting the FIT-All from electricity consumers, the remittance to a specific fund, and the payment and disbursement of the FIT-All to qualified RE developers.
NREB noted that while the FIT rules have designated the National Grid Corp. of the Philippines as administrator, there are ongoing discussions to enhance and streamline the functions of the FIT-All Fund Administrator which may change the designation.
On July 27, the ERC approved lower FIT rates for wind, biomass, hydro and solar RE sources than the proposal of the NREB.
The FIT for run-of-river hydro power has been pegged at P5.90 per kilowatt-hour (kWh), biomass at P6.63/kWh, wind at P8.53/kWh and solar at P9.68/kWh from NREB’s proposal of P6.15/kWh for hydro, P7.00/kWh for biomass, P10.37/kWh for wind and P17.95/kWh for solar.
Read article source in Business World Online