Energy Regulatory Commission (ERC) /黑料社
MANILA Philippines 鈥擳he Energy Regulatory Commission (ERC) has extended the suspension of the collection of the 鈥渇eed-in tariff allowance鈥� (FIT-All) to bring down the cost of electricity.
The collection of FIT-ALL, a tariff imposed on electricity grids and added聽 to consumers鈥� electric bill, will be deferred for another six months from March 2023 until August 2023, the ERC said in a statement on Thursday.
The ERC said it re-evaluated its FIT-ALL fund balance and found that it will suffice to cover for the said period.
The move by the ERC is said to bring down the cost of electricity by Php0.0364 kWh.
The ERC issued a resolution last November 16, 2022聽 which suspended the collection of FIT-ALL from December 2022 to February 2023.
Concerned agencies were also directed to report their implementation of the suspension no later than March 31 to ensure strict compliance.(Vance Chan, Inquirer.net, trainee)