The Energy Regulatory Commission is studying the suspension of the feed-in tariff allowance to help ease the burden of consumers once Manila Electric Co. completes its refund totaling P1.80 per kilowatt-hour for residential consumers by May next year.
ERC chairperson Monalisa Dimalanta said the commission was looking at how Meralco rates could be mitigated, including the planned three-month suspension of the FIT-All.
“We have deliberated, and we are crafting the resolution to suspend [the FIT-All] but to make sure that we are still able to pay RE developers in full,” Dimalanta said at the sidelines of The Future of Renewable Energy in the Philippines forum.
FIT-All is a uniform charge billed to all on-grid electricity users. Power customers are paying a FIT-All rate of P0.0364 per kWh.
The ERC ordered Meralco to implement four different refunds to consumers that translated into lower bills. It directed Meralco to refund P13.89 billion, equivalent to P0.2761 per kWh effective March 21 to December 2022.