Philippines: ERC extends FIT-All filing deadline for Transco

Philippines: ERC extends FIT-All filing deadline for Transco

THE Energy Regulatory Commission (ERC) gave state-owned National
Transmission Corp. (Transco) more time to complete its Feed-in-Tariff
Allowance (FIT-All) filing.

In an order dated Oct. 25, the ERC granted the petition of Transco for a
30-day extension from Oct. 31 or until Dec. 1 to file their 2017 FIT-All
rate application.

Transco requested for an extension in Oct. 12 to enable it to secure the
required board approval and comply with all the requirements. It had asked
for a three-month extension in July, which the ERC allowed.

"With the sufficient leeway granted to Transco, ERC expects it to complete
all the requirements for fixing its 2017 FIT-All rate application on or
before 01 December 2016," ERC Chairman and CEO Jose Vicente B. Salazar was
quoted in the statement as saying.

"The FIT-All mechanism is a vital component for the development of the
renewable energy of the industry of the country," Mr. Salazar said.

The FIT-All is a uniform charge billed to all on-grid electricity consumers
who are supplied with electricity sourced from renewable energy providers.

Renewable energy developers are guaranteed a fixed tariff for projects
involving biomass, hydro-power, solar and wind technologies. The tariff is
meant to accelerate the exploration and development of clean energy sources
and encourage the use of renewable energy to reduce greenhouse gas
emissions.

TransCo said the FIT-All rate it asked to collect was lower than what it had
earlier calculated, which was 14.70 centavos per kilowatt-hour based on
factors that included working capital and the FIT differential, or the
difference between the guaranteed rate to renewable energy developers and
the actual price at the wholesale electricity spot market.

In 2015, the approved FIT-All rate was 4.06 centavos per kilowatt-hour.

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Ref:
http://www.bworldonline.com/content.php?section=Economy&title=ERC-extends-FI
T-All-filing-deadline-for-Transco&id=135595

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John Diecker
APT Consulting Group Co., Ltd.

www.aptthailand.com