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TransCo pays P164-b feed-in tariff to clean energy developers

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State-run National Transmission Corp. said Tuesday it paid eligible renewable energy developers feed-in tariff claims amounting to P164 billion since

TransCo officer-in-charge and vice president Dinna Dizon said the company, which manages the FIT-Allowance fund, paid RE developers an average of P23 billion annually.

It guarantees all eligible renewable energy plants an entitlement for the applicable FITs for 20 years. She said TransCo has a pending petition with the Energy Regulatory Commission for the 2024 FIT-All rate, which is a standardized fee applied to all on-grid electricity consumers. “We also have filed already the 2024 FIT All rate at a level of P0.0867 per kwh which is higher than the current P0.0364 per kWh,” Dizon said.

 

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RE developers receive ₧164B from FIT-All Fund–TransCoThe National Transmission Corp. (TransCo) has shelled out about P164 billion as payment to qualified renewable energy (RE) developers as of August 7, according to one of its senior officials. “For the feed-in-tariff [FIT] allowance fund management, we have been able to pay in full the claims of FIT-eligible RE…
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