FIT-ALL to Increase by P0.0590/KWH Starting August 2017
The Energy Regulatory Commission (ERC) has authorized the National Transmission Corporation (TransCo) to collect an additional Feed-In Tariff Allowance (FIT-ALL) of P0.0590/kWh. A feed-in tariff is our government assurance extended to Renewable Energy firms and investors meant to encourage more investments in renewable energy. FIT-ALL is a universal charge being billed to all electricity consumers.
Starting August 2017 billing, Central Negros Electric Cooperative, Inc. will implement the collection of the additional FIT-ALL charge, under ERC Case No. 2015-216 RC. From P0.1240/kWh, the new FIT-ALL charge that will be reflected on the electricity consumer’s bill is P0.1830/kWh.
CENECO would like to reiterate that the generation, transmission, and system loss charges, including FIT-ALL, are pass-through charges being billed to CENECO by its power suppliers and transmission service provider.*(PR)