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Renewables hike power rates

January 4, 2016 | Editor

From The Standard

by Alena Mae S. Flores

December 18, 2015

Power rates will increase by more than P0.10 per kilowatt-hour next year once  National Transmission Corp. is allowed to accommodate the feed-in tariff granted to renewable sources of energy.

Energy Regulatory Commission chairman Jose Vicente Salazar told reporters it recently made permanent the P0.0406 per kWh feed-in tariff allowance for 2015. The next step is for TransCo to petition for the 2016 feed-in tariff allowance and have it approved by the energy regulator. The feed-in tariff allowance is the per kWh uniform rate charged to consumers as incentive payment to renewable energy projects as required by the Renewable Energy Law of 2008. It is a line item in the bill of power consumers similar to the universal charge. “We approved finally the P0.04 but we also know that there is subsequent [application]. What we want is for them to update it, forecast it based on the renewable energy capacities coming in,” Salazar said.

http://thestandard.com.ph/business/194783/renewables-hike-power-rates.html

 

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