ASEAN KEY DESTINATIONS
Philippine feed-in tariff delayed
Francis Saturnino Juan, Energy Regulatory Commission (ERC) executive director, said the National Renewable Energy Board (NREB) asked the commission to extend the deadline for the FIT up to March 31, 2011.
"The ERC granted the extension. Within the first quarter, they [NREB] are expected to submit the recommended [FIT] levels," he said.
The ERC initially set an August deadline for the NREB but the latter requested a two-month extension to complete its computations.
The regulator then granted another 30-day extension after a change in the NREB leadership in the person of Pete Maniego, who is also president of state-owned Philippine National Oil Co.-Renewables Corp.
NREB is tasked with overseeing the implementation of Renewable Energy Act of 2008, which was crafted to spur investments in green power sources such as solar, wind, ocean, run-of-river hydroelectric power and biomass.
These power sources have been shunned by investors because of high costs and a limited market compared with fossil fuel-based plants.
To guarantee investors' returns, NREB would determine the appropriate tariff levels or the FIT for different renewable energy projects over a certain period.
"We will finish the evaluation and hearing proper within a three-month period also. So we're looking at the second quarter of 2011 to issue the feed-in tariff for the different technologies," Juan said.
Under a recent set of draft rules issued by the ERC, consumers would have to shoulder the FIT of renewable energy projects under a uniform charge similar to the universal charge in electricity bills.
The amount collected from this tariff will then be distributed to renewable energy developers based on their respective approved FIT.
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