The Energy Regulatory Commission (ERC) has set the commission level deliberations for the Wind Feed-in-Tariff (FIT) rate for the first week of October.
The “target for commission deliberations is the first week of October,” ERC commissioner Josefina Magpale-Asirit told PNA in a text message.
The commissioner, however, noted that the ERC might not issue a decision yet after the evaluation is submitted to the ERC en banc.
She added that the ERC’s technical working group is still evaluating the new Wind FIT as public consultations and hearings for the rate were already completed.
The FIT is a mechanism that allows generation companies to charge at a required per kWh rate for 20 years. The current FIT is competed for through completing the project at a set deadline.
Then Energy secretary Carlos Jericho Petilla said in June that the National Renewable Energy Board (NREB) has re-filed to the ERC its proposed Wind-FIT rate at Php 7.93 per kilowatthour (kWh), far from its initial filed rate of Php 8.49 per kWh.
Petilla explained he advised NREB to lower the rate as he expects the ERC will not grant a higher rate than Php 8 per kWh, adding it might result in a stalemate.
He further said NREB re-filed the rate only a day after the hearing for the presentation of evidence for the Php 8.49 rate.
The new wind FIT will accommodate the following projects: Petrowind Energy Inc’s 36 megawatt (MW) Nabas Wind Project, Trans Asia Renewable Energy Corp’s 54-MW San Lorenzo Wind Farm and Altenergy Wind One Corp’s 54-MW Pililia Wind Farm.
The previous Wind FIT costs Php 8.53 per kWh. It was granted to Energy Development Corporation’s (EDC’s) 150-MW Burgos Wind Farm, 18 MW Northwind and the 81-MW Caparispisan Wind project.
NREB is a composed of officials from the public and private sectors, which aims to improve the state of renewable energy in the country. It was created through Republic Act 9136 or the Electric Power Industry Reform Act (EPIRA) of 2001.