<\/p>\n
EXPECT an increase in power rates next month.<\/strong><\/p>\n <\/p>\n <\/p>\n This after the <\/strong>Energy Regulatory Commission (ERC) approved higher rates for the Feed-In Tariff allowance (FIT-All).<\/strong><\/p>\n <\/p>\n <\/p>\n According to the ERC, it set <\/strong>a new rate of P0.1189 per kilowatt-hour or a 42-percent increase from the current P0.0838 per kWh FIT-All collection.<\/strong><\/p>\n <\/p>\n <\/p>\n The increase in power rate, which will take effect starting with the March billing, is lower than the P0.122 per kWh applied for by state-run National Transmission Corp. (TransCo).<\/strong><\/p>\n <\/p>\n <\/p>\n FIT-All , a component of the electricity bill, is a uniform charge imposed on all on-grid power consumers to support the development and promotion of renewable energy (RE) in the country.<\/strong><\/p>\n <\/p>\n <\/p>\n In approving the increase, the ERC noted the depletion of the FIT-All Fund due to sustained low prices in the Wholesale Electricity Spot Market (WESM).<\/strong><\/p>\n <\/p>\n <\/p>\n It said that the lower-than- expected WESM prices adversely affected the fund\u2019s capacity to cover the FIT payments, necessitating adjustments in the FIT-All computation to ensure payments for the supply to consumers coming from renewable energy (RE) FIT-eligible power plants.<\/strong><\/p>\n <\/p>\n <\/p>\n The FIT Differential, representing the difference between FIT rates payable to RE and Wholesale Electricity Spot Market (WESM) prices, was revised from TransCo\u2019s forecast of P13,641,077,775 to P10,125,029,884.<\/strong><\/p>\n <\/p>\n <\/p>\n The ERC said it used actual generation data for January to December 2024, rather than forecasted figures, to ensure a more accurate assessment.<\/strong><\/p>\n <\/p>\n <\/p>\n The commission further explained that it approved the imposition of the FIT-All charge in February 2015 to support the FIT program.<\/strong><\/strong><\/p>\n <\/p>\n <\/p>\n However, it suspended the collection from December 2022 until January 2024 to alleviate the burden of Filipinos amid the rising cost of electricity.<\/strong><\/p>\n <\/p>\n <\/p>\n The ERC lifted the suspension due to the projected deficit in the FIT-All Fund.<\/strong><\/p>\n <\/p>\n","protected":false},"excerpt":{"rendered":" EXPECT an increase in power rates next month. This after the Energy Regulatory Commission (ERC) approved higher rates for the Feed-In Tariff allowance (FIT-All). According<\/p>\n","protected":false},"author":1,"featured_media":12026,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[5,17],"tags":[],"_links":{"self":[{"href":"https:\/\/journaldailynewsonline.com.ph\/index.php\/wp-json\/wp\/v2\/posts\/12025"}],"collection":[{"href":"https:\/\/journaldailynewsonline.com.ph\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/journaldailynewsonline.com.ph\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/journaldailynewsonline.com.ph\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/journaldailynewsonline.com.ph\/index.php\/wp-json\/wp\/v2\/comments?post=12025"}],"version-history":[{"count":1,"href":"https:\/\/journaldailynewsonline.com.ph\/index.php\/wp-json\/wp\/v2\/posts\/12025\/revisions"}],"predecessor-version":[{"id":12027,"href":"https:\/\/journaldailynewsonline.com.ph\/index.php\/wp-json\/wp\/v2\/posts\/12025\/revisions\/12027"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/journaldailynewsonline.com.ph\/index.php\/wp-json\/wp\/v2\/media\/12026"}],"wp:attachment":[{"href":"https:\/\/journaldailynewsonline.com.ph\/index.php\/wp-json\/wp\/v2\/media?parent=12025"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/journaldailynewsonline.com.ph\/index.php\/wp-json\/wp\/v2\/categories?post=12025"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/journaldailynewsonline.com.ph\/index.php\/wp-json\/wp\/v2\/tags?post=12025"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}