The Energy Regulatory Commission (ERC) ordered the lifting of the suspension on the collection of the Feed-in Tariff Allowance (FIT-All) starting the billing month of February 2024.
The move was made by the ERC in a resolution issued last January 16 after more than a year of suspension of the collection of the FIT-All to provide relief to consumers.
The suspension of FIT-All’s collection since December 2022, relieved power consumers with P0.0364 per kilowatt hour (kWh) from their monthly power bills.
With the lifting, the collection of P0.0364 per kWh charge will resume starting next month.
FIT-All is sourced from all electricity consumers as premium for renewable energy projects that received incentives from the government. The rate can be adjusted yearly.
ERC said the suspension was decided due to the looming deficit in the projected FIT-All Fund.
The regulatory body said after reevaluating the balance of the FIT-All Fund as of Jan. 5, 2024, inclusive of the cost recovery revenue collections in November 2023, it found the fund would be in deficit in the February 2024 customer monthly billing.
