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BusinessWorld
January 31, 2021 | 7:33 pm
CONSUMER RIGHTS advocacy group Laban Konsyumer, Inc. (LKI) has sought to nullify an Energy Regulatory Commission (ERC) resolution to adjust the feed-in tariff (FiT) allowance, claiming that it was issued without the required notice and hearing in violation of procedural due process.
The FiT is a fixed subsidy paid by the government to renewable energy (RE) developers to partially compensate for the risk in taking on new technology. The subsidy costs are passed on to consumers via the FiT-All uniform charge.
Last year, the FiT rate for solar projects increased to P11.2758 per kilowatt-hour (kWh) from the P9.68/kWh set in 2014. Meanwhile, the FiT for wind projects increased to about P9.8976/kWh last year from P8.53/kWh.