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Bacolod City, Philippines Thursday, February 15, 2018
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ERC: 6 RE plants in Negros
receiving FIT-All incentive

There are six renewable energy plants in Negros Island that qualified for the Feed-in-Tariff Allowance (FIT-All) this year, an official from the Energy Regulatory Commission said yesterday.

ERC spokesperson and Regulatory Operations Services director, Floresinda Digal, in an interview with the DAILY STAR yesterday, said that these plants were FIT eligible and currently claiming from the FIT-All Fund.

These renewable energy plants could produce about 205.5 megawatts of electricity that could be connected to the power grid, run by the National Grid Corporation of the Philippines, Digal said.

FIT-All is an incentive to renewable-energy (RE) plants so that these projects are feasible.

She said that these six plants are the 22MW San Carlos Solar Energy Inc., 23MW San Carlos Sun Power Inc., 132.5MW Helio Solar Energy Corporation, and 18MW Monte Solar Energy Inc., which are all solar power plants.

She also said that, biomass plants, namely the First Farmers Holding Corp., and Universal Robina Corp., that could supply 8MW and 20MW of power, respectively, were also qualified for FIT-All.

All solar power plants are receiving P8.69 per kWh FIT rate, except Sacasol that receives P9.68/kWh, while the qualified biomass plants are getting P6.63/kWh rate.

Consumers are the ones who shoulder the FIT-All, a separate line component in the power bill which is collected by local distribution utilities. It is remitted to the National Transmission Corp., the agency tasked by the ERC to manage the FIT-All Fund, Digal said.

The current FIT-All rate is P0.1240 per kWh, up eight centavos from the previous rate of P0.0406/kWh.

Digal also said that two biomass plants from Negros are still applying for FIT. These are the Hawaiian-Philippines Company, and the Victorias Milling Company.

She said the applicants have undergone a lot of processes from both the ERC and DOE before being approved for FIT.

Digal also said that they are continuously receiving FIT application from all RE plants built around the country, which is in line with the 2040 Vision of the agency to have at least 35 percent of power coming from REs.*

 

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