TransCo seeks to collect P0.08 per kWh for renewable firms

By Alena Mae S. Flores

STATE-RUN National Transmission Corp.

is applying for a feed-in tariff allowance of P0.0867 per kilowatt-hour in 2024 to pay the renewable energy plants under the feed-in tariff systems and the Green Energy Auction Program. TransCo filed an application for approval of the FIT-All with the Energy Regulatory Commission on July 27, 2023 under Case No. ERC 2023-096 RC.

“The grant of a provisional authority will allow TransCo to perform its duties and to make a timely payment of the FITs to FIT-eligible RE developers to which they are entitled, thereby allowing their continued operations,” TransCo said.

The FIT-All is a uniform charge billed to ongrid electricity users and is set annually by the ERC. Collection was suspended by the ERC to give relief to consumers from high power rates. Prior to the suspension, consumers were paying an FIT-All rate of P0.364 per kWh.

The ERC is reviewing whether to extend or lift the FIT-All rate collection suspension. TransCo administers the feed-in tariff fund, which is used to pay the FIT of renewable energy developers under the Renewable Energy Act of 2008.

The law established a FIT system for electricity produced from wind, solar, ocean, runof-river, hydropower and biomass. It guarantees all eligible renewable energy plants an entitlement for the applicable FITs for 20 years.

These measures aim to strengthen the effectiveness of the sweetened beverage tax by further discouraging the consumption of such beverages.

The higher taxes on junk food and sweetened beverages are expected to generate an additional P76 billion in the first year, the DOF said, and result in a 21-percent reduction in the consumption of junk food.

SOLAR-POWERED STORE. KFC Philippines solidifies its billing as an eco-friendly energy user quick-service restaurant in the country as its number of stores with solar panel-mounted rooftops reached 64. With an estimated annual power generation of more than 2,600,000 kWh from the solar panel (photovoltaic) systems installed on 64 KFC facilities, the game-changing initiative of KFC has reduced its carbon dioxide emissions by 606,164 kilograms, well ahead of its peers in the QSR industry.