THE Energy Regulatory Commission (ERC) said on Tuesday that it has extended the suspension on collecting the feed-in tariff allowance (FIT-All) to provide relief to consumers.
In a statement, the ERC said the extended suspension is in force for September and will remain in place until lifted by the commission.
“This decision introduces remedies to ease the financial burden on consumers in the midst of escalating costs of electricity,” it said.
The suspension was originally set to expire at the end of August.
In November, the ERC halted the collection of the P0.364 per kilowatt-hour FIT-All rate between December 2022 and February 2023.
In February, it announced an extension of the suspension to the end of August.
FIT-All is collected from on-grid electricity customers to support the development and promotion of renewable energy.
Payments are remitted to the FIT-All Fund established and administered by the National Transmission Corp., which keeps the funds with a government financial institution.
The fund goes towards paying renewable energy developers who have obtained fixed rates for electricity generated by their projects.
The ERC directed distribution utilities, the National Grid Corp. of the Philippines, and retail electricity suppliers to serve as collection agents for FIT-All, to be remitted to the FIT-All Fund. — Sheldeen Joy Talavera