Why PH power rates are set to go up next month | ABS-CBN

ADVERTISEMENT

dpo-dps-seal
Welcome, Kapamilya! We use cookies to improve your browsing experience. Continuing to use this site means you agree to our use of cookies. Tell me more!

Why PH power rates are set to go up next month

Why PH power rates are set to go up next month

ABS-CBN News

 | 

Updated Jan 19, 2024 01:28 PM PHT

Clipboard

iWantTFC

Watch more on iWantTFC.com. Watch hundreds of Pinoy shows, movies, live sports and news.

Watch more on iWantTFC.com. Watch hundreds of Pinoy shows, movies, live sports and news.

Kapamilya, expect your electricity bill to go up next month as the Energy Regulatory Commission restores the collection of the Feed-in Tariff Allowance (FIT-All) starting in February.

The FIT-All, a fee collected from consumers to ensure development and promotion of renewable energy in the country, was suspended in December 2022 due to healthy FIT-All Fund balance. The FIT-All is collected at a rate of P0.0364 per kilowatt-hour.

ERC Chairperson Monalisa Dimalanta said there is a need to replenish the fund to ensure a steady supply of renewable energy from solar, wind, hydro and biomass plants in the country.

"Paniniguro lang ito na hindi mapuputol ang supply ng ating renewable energy plants," she said in a TeleRadyo Serbisyo interview.

ADVERTISEMENT

ADVERTISEMENT

ADVERTISEMENT

It looks like you’re using an ad blocker

Our website is made possible by displaying online advertisements to our visitors. Please consider supporting us by disabling your ad blocker on our website.

Our website is made possible by displaying online advertisements to our visitors. Please consider supporting us by disabling your ad blocker on our website.