The Energy Regulatory Commission has suspended the collection of the feed-in tariff allowance (FIT-All) for three months from December this year.
The ERC said it recognizes the impact of the rising cost of living and inflation on the public, not to mention the rising cost of electricity.
It reviewed the FIT-All Fund balance and determined that its present healthy status would be sufficient to cover the FIT-All payment requirements for the next three billing months.
“The Commission is sensitive to the impact of the rising level of inflation and cost of living to millions of Filipino households. We join the rest of government in introducing remedies to ease inflation pressure on our citizens, including those that impact on their ability to pay for the rising cost of electricity due to external pressures,” ERC chair Monalisa Dimalanta said.
The ERC will review, once again, the status of the FIT-All fund, prior to the end of the 3-month period covered by the suspension order, to determine if a further extension or other reliefs would be available to consumers.
The suspension of FIT-All collection is one of the immediate interventions ERC discussed with the distribution utilities (DUs) during the Power Supply Agreement (PSA) Caravan to mitigate high electricity rates.
The FIT-All is a uniform charge imposed on all on-grid electricity consumers and is a component of the electricity bill that ensures the development and promotion of renewable energy in the country.