BusinessWorld
April 25, 2021 | 7:27 pm
SIEMENS
THE National Transmission Corporation (TransCo) said 17 biomass projects with a capacity of 135.13 megawatts (MW) are billing the feed-in tariff allowance (FiT-All) to consumers after their renewable energy payment agreements (REPA) were deemed effective.
The FiT-All is a uniform charge billed to on-grid customers. The collections are remitted to TransCo, which will then distribute it to RE developers participating in the FiT system.
“There is already 135.13 MW in biomass capacity currently eligible for FiT and are already billing the FiT-All Fund for their FiT revenue,” TransCo told
BusinessWorld by Viber Friday.
A REPA assures RE firms of revenue from the approved FiT. But TransCo said that only firms with an “effective REPA” are qualified for the FiT.