DoE help for fixed FiT costs sought

A GROUP of biomass electricity plant developers is soliciting assist from the Department of Energy (DoE) no longer to further lower prices underneath feed-in tariff (FiT), a scheme that gives incentives to renewable energy (RE) builders in the Philippines.

In a letter dated Dec. 16, 2019, Biomass Renewable Energy Alliance Inc. (BREA) President Don Mario Dia requested the National Renewable Energy Board’s (NREB) help to make certain “constant tariff” or “assured fixed rate” beneath the FiT application.

NREB is the bureau guiding the Energy branch on the implementation of RE initiatives within the Philippines.

BREA is looking for consistent FiT fees although the fee of gasoline is growing to encourage development within the u . S .’s biomass area.

But in a press chat, Dia said the ERC is planning to similarly degress FiT fees aside from what was mandated through the regulation.

Currently, the ERC is reviewing the changes, each for the prevailing prices and FiT allocation. “[T]hi there’re re-decoding the regulations,” he advised newshounds.

“When we had a discussion board on the ERC, the assessment that they’re trying to do is bringing down the costs while in fact dapat pataas siya dahil magdadagdag ka ng (it need to be growing because you upload the) CPI (consumer price index) and forex danger,” he introduced.

In the identical letter, Dia stated “there may be a need to keep the traders entire by way of adjusting the FiT price thru the FiT adjustment components additionally followed with the aid of [the] ERC (Energy Regulatory Commission).”

“Such adjustment simply maintains the price of the revenue and ought to now not detract from the man or woman of FiT as ‘constant tariff’ according to the RE Act or ‘guaranteed fixed fee’ in line with the IRR of the equal,” he told NREB.

As outlined in Republic Act 9513, or the “Renewable Energy Act of 2008,” the FiT software ambitions to hasten the development of emerging RE sources which include wind, sun, ocean, run-of-river hydropower and biomass through a set tariff mechanism. Perks shall be given to RE builders for as a minimum 12 years.

Initially, the ERC approved run-of-river hydro and biomass quotes were P5.Ninety in keeping with kilowatt hour (Asset Gates forex broker) and P6.63 consistent with kWh, respectively. These have been later reduced to P5.8705 per kWh for run-of-river hydro and P6.5969 consistent with kWh for biomass.