{"id":20797,"date":"2025-02-24T07:37:05","date_gmt":"2025-02-24T07:37:05","guid":{"rendered":"https:\/\/energybuzz.ph\/staging\/6915\/?p=20797"},"modified":"2025-02-24T07:38:36","modified_gmt":"2025-02-24T07:38:36","slug":"erc-approves-fit-all-increase-higher-electricity-bills-expected","status":"publish","type":"post","link":"https:\/\/energybuzz.ph\/staging\/6915\/erc-approves-fit-all-increase-higher-electricity-bills-expected\/","title":{"rendered":"ERC Approves FIT-All Increase, Higher Electricity Bills Expected"},"content":{"rendered":"<p data-start=\"72\" data-end=\"407\">Consumers should brace for higher electricity costs next month as the <strong data-start=\"142\" data-end=\"180\">Energy Regulatory Commission (ERC)<\/strong> has approved an increase in the <strong data-start=\"213\" data-end=\"251\">feed-in tariff allowance (FIT-All)<\/strong>. The adjustment follows the depletion of the <strong data-start=\"297\" data-end=\"313\">FIT-All Fund<\/strong>, attributed to persistently low prices in the <strong data-start=\"360\" data-end=\"404\">Wholesale Electricity Spot Market (WESM)<\/strong>.<\/p>\n<p data-start=\"409\" data-end=\"676\">In a statement, the ERC confirmed that it granted approval to the <strong data-start=\"475\" data-end=\"522\">National Transmission Corporation (TransCo)<\/strong> to raise the <strong data-start=\"536\" data-end=\"552\">FIT-All rate<\/strong> from <strong data-start=\"558\" data-end=\"593\">P0.0838 per kilowatt-hour (kWh)<\/strong> to <strong data-start=\"597\" data-end=\"616\">P0.1189 per kWh<\/strong> during its regular commission meeting on <strong data-start=\"658\" data-end=\"673\">February 19<\/strong>.<\/p>\n<p data-start=\"678\" data-end=\"830\">The <strong data-start=\"682\" data-end=\"693\">FIT-All<\/strong> is a uniform charge applied to all on-grid electricity consumers, ensuring continued support for the <strong data-start=\"795\" data-end=\"820\">renewable energy (RE)<\/strong> sector.<\/p>\n<p data-start=\"832\" data-end=\"1007\">\u201cIn approving the increase, the ERC noted the depletion of the FIT-ALL Fund due to sustained low prices in the Wholesale Electricity Spot Market (WESM),\u201d the statement read.<\/p>\n<p data-start=\"1009\" data-end=\"1289\">\u201cThe lower-than-expected WESM prices adversely affected the fund\u2019s capacity to cover the FIT payments, necessitating adjustments in the FIT-ALL computation to ensure the payments for the supply to consumers coming from renewable energy (RE) FIT-eligible power plants,\u201d it added.<\/p>\n<p data-start=\"1291\" data-end=\"1643\">The ERC also clarified that the <strong data-start=\"1323\" data-end=\"1343\">FIT Differential<\/strong>, which accounts for the difference between the <strong data-start=\"1391\" data-end=\"1440\">FIT rates paid to renewable energy generators<\/strong> and <strong data-start=\"1445\" data-end=\"1471\">prevailing WESM prices<\/strong>, has been revised to <strong data-start=\"1493\" data-end=\"1512\">P10,125,029,884<\/strong>, down from TransCo\u2019s initial estimate of <strong data-start=\"1554\" data-end=\"1573\">P13,541,077,775<\/strong>, based on actual generation data from <strong data-start=\"1612\" data-end=\"1640\">January to December 2024<\/strong>.<\/p>\n<p data-start=\"1645\" data-end=\"1843\" data-is-last-node=\"\">\u201cThe ERC is committed to ensuring that FIT payments are sustained to support the continued development of renewable energy projects while balancing the impact on consumers,\u201d the statement concluded.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Consumers should brace for higher electricity costs next month as the Energy Regulatory Commission (ERC) has approved an increase in the feed-in tariff allowance (FIT-All). The adjustment follows the depletion of the FIT-All Fund, attributed to persistently low prices in the Wholesale Electricity Spot Market (WESM). In a statement, the ERC confirmed that it granted approval to the National Transmission Corporation (TransCo) to raise the FIT-All rate from P0.0838 per kilowatt-hour (kWh) to P0.1189 per kWh during its regular commission meeting on February 19. The FIT-All is a uniform charge applied to all on-grid electricity consumers, ensuring continued support for the renewable energy (RE) sector. \u201cIn approving the increase, the ERC noted the depletion of the FIT-ALL Fund due to sustained low prices in the Wholesale Electricity Spot Market (WESM),\u201d the statement read. \u201cThe lower-than-expected WESM prices adversely affected the fund\u2019s capacity to cover the FIT payments, necessitating adjustments in the FIT-ALL computation to ensure the payments for the supply to consumers coming from renewable energy (RE) FIT-eligible power plants,\u201d it added. The ERC also clarified that the FIT Differential, which accounts for the difference between the FIT rates paid to renewable energy generators and prevailing WESM prices, has been revised to P10,125,029,884, down from TransCo\u2019s initial estimate of P13,541,077,775, based on actual generation data from January to December 2024. \u201cThe ERC is committed to ensuring that FIT payments are sustained to support the continued development of renewable energy projects while balancing the impact on consumers,\u201d the statement concluded.<\/p>\n","protected":false},"author":1,"featured_media":20798,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"nf_dc_page":"","footnotes":""},"categories":[14603],"tags":[8218],"class_list":["post-20797","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-energy","tag-featured"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.0 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>ERC Approves FIT-All Increase, Higher Electricity Bills Expected - Energy Buzz<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/energybuzz.ph\/erc-approves-fit-all-increase-higher-electricity-bills-expected\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"ERC Approves FIT-All Increase, Higher Electricity Bills Expected - Energy Buzz\" \/>\n<meta property=\"og:description\" content=\"Consumers should brace for higher electricity costs next month as the Energy Regulatory Commission (ERC) has approved an increase in the feed-in tariff allowance (FIT-All). The adjustment follows the depletion of the FIT-All Fund, attributed to persistently low prices in the Wholesale Electricity Spot Market (WESM). In a statement, the ERC confirmed that it granted approval to the National Transmission Corporation (TransCo) to raise the FIT-All rate from P0.0838 per kilowatt-hour (kWh) to P0.1189 per kWh during its regular commission meeting on February 19. The FIT-All is a uniform charge applied to all on-grid electricity consumers, ensuring continued support for the renewable energy (RE) sector. \u201cIn approving the increase, the ERC noted the depletion of the FIT-ALL Fund due to sustained low prices in the Wholesale Electricity Spot Market (WESM),\u201d the statement read. \u201cThe lower-than-expected WESM prices adversely affected the fund\u2019s capacity to cover the FIT payments, necessitating adjustments in the FIT-ALL computation to ensure the payments for the supply to consumers coming from renewable energy (RE) FIT-eligible power plants,\u201d it added. The ERC also clarified that the FIT Differential, which accounts for the difference between the FIT rates paid to renewable energy generators and prevailing WESM prices, has been revised to P10,125,029,884, down from TransCo\u2019s initial estimate of P13,541,077,775, based on actual generation data from January to December 2024. \u201cThe ERC is committed to ensuring that FIT payments are sustained to support the continued development of renewable energy projects while balancing the impact on consumers,\u201d the statement concluded.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/energybuzz.ph\/erc-approves-fit-all-increase-higher-electricity-bills-expected\/\" \/>\n<meta property=\"og:site_name\" content=\"Energy Buzz\" \/>\n<meta property=\"article:published_time\" content=\"2025-02-24T07:37:05+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2025-02-24T07:38:36+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/energybuzz.ph\/wp-content\/uploads\/2025\/02\/power-ph-featured-image-4-1050x591-1.png\" \/>\n\t<meta property=\"og:image:width\" content=\"1050\" \/>\n\t<meta property=\"og:image:height\" content=\"591\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/png\" \/>\n<meta name=\"author\" content=\"admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"2 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/energybuzz.ph\\\/erc-approves-fit-all-increase-higher-electricity-bills-expected\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/energybuzz.ph\\\/erc-approves-fit-all-increase-higher-electricity-bills-expected\\\/\"},\"author\":{\"name\":\"admin\",\"@id\":\"https:\\\/\\\/energybuzz.ph\\\/#\\\/schema\\\/person\\\/344f8dbaaecf75e51367eef93f492892\"},\"headline\":\"ERC Approves FIT-All Increase, Higher Electricity Bills Expected\",\"datePublished\":\"2025-02-24T07:37:05+00:00\",\"dateModified\":\"2025-02-24T07:38:36+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/energybuzz.ph\\\/erc-approves-fit-all-increase-higher-electricity-bills-expected\\\/\"},\"wordCount\":257,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/energybuzz.ph\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/energybuzz.ph\\\/erc-approves-fit-all-increase-higher-electricity-bills-expected\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/energybuzz.ph\\\/staging\\\/6915\\\/wp-content\\\/uploads\\\/2025\\\/02\\\/power-ph-featured-image-4-1050x591-1.png\",\"keywords\":[\"featured\"],\"articleSection\":[\"Energy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/energybuzz.ph\\\/erc-approves-fit-all-increase-higher-electricity-bills-expected\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/energybuzz.ph\\\/erc-approves-fit-all-increase-higher-electricity-bills-expected\\\/\",\"url\":\"https:\\\/\\\/energybuzz.ph\\\/erc-approves-fit-all-increase-higher-electricity-bills-expected\\\/\",\"name\":\"ERC Approves FIT-All Increase, Higher Electricity Bills Expected - 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The adjustment follows the depletion of the FIT-All Fund, attributed to persistently low prices in the Wholesale Electricity Spot Market (WESM). In a statement, the ERC confirmed that it granted approval to the National Transmission Corporation (TransCo) to raise the FIT-All rate from P0.0838 per kilowatt-hour (kWh) to P0.1189 per kWh during its regular commission meeting on February 19. The FIT-All is a uniform charge applied to all on-grid electricity consumers, ensuring continued support for the renewable energy (RE) sector. \u201cIn approving the increase, the ERC noted the depletion of the FIT-ALL Fund due to sustained low prices in the Wholesale Electricity Spot Market (WESM),\u201d the statement read. \u201cThe lower-than-expected WESM prices adversely affected the fund\u2019s capacity to cover the FIT payments, necessitating adjustments in the FIT-ALL computation to ensure the payments for the supply to consumers coming from renewable energy (RE) FIT-eligible power plants,\u201d it added. The ERC also clarified that the FIT Differential, which accounts for the difference between the FIT rates paid to renewable energy generators and prevailing WESM prices, has been revised to P10,125,029,884, down from TransCo\u2019s initial estimate of P13,541,077,775, based on actual generation data from January to December 2024. \u201cThe ERC is committed to ensuring that FIT payments are sustained to support the continued development of renewable energy projects while balancing the impact on consumers,\u201d the statement concluded.","og_url":"https:\/\/energybuzz.ph\/erc-approves-fit-all-increase-higher-electricity-bills-expected\/","og_site_name":"Energy Buzz","article_published_time":"2025-02-24T07:37:05+00:00","article_modified_time":"2025-02-24T07:38:36+00:00","og_image":[{"width":1050,"height":591,"url":"https:\/\/energybuzz.ph\/wp-content\/uploads\/2025\/02\/power-ph-featured-image-4-1050x591-1.png","type":"image\/png"}],"author":"admin","twitter_card":"summary_large_image","twitter_misc":{"Written by":"admin","Est. reading time":"2 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/energybuzz.ph\/erc-approves-fit-all-increase-higher-electricity-bills-expected\/#article","isPartOf":{"@id":"https:\/\/energybuzz.ph\/erc-approves-fit-all-increase-higher-electricity-bills-expected\/"},"author":{"name":"admin","@id":"https:\/\/energybuzz.ph\/#\/schema\/person\/344f8dbaaecf75e51367eef93f492892"},"headline":"ERC Approves FIT-All Increase, Higher Electricity Bills Expected","datePublished":"2025-02-24T07:37:05+00:00","dateModified":"2025-02-24T07:38:36+00:00","mainEntityOfPage":{"@id":"https:\/\/energybuzz.ph\/erc-approves-fit-all-increase-higher-electricity-bills-expected\/"},"wordCount":257,"commentCount":0,"publisher":{"@id":"https:\/\/energybuzz.ph\/#organization"},"image":{"@id":"https:\/\/energybuzz.ph\/erc-approves-fit-all-increase-higher-electricity-bills-expected\/#primaryimage"},"thumbnailUrl":"https:\/\/energybuzz.ph\/staging\/6915\/wp-content\/uploads\/2025\/02\/power-ph-featured-image-4-1050x591-1.png","keywords":["featured"],"articleSection":["Energy"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/energybuzz.ph\/erc-approves-fit-all-increase-higher-electricity-bills-expected\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/energybuzz.ph\/erc-approves-fit-all-increase-higher-electricity-bills-expected\/","url":"https:\/\/energybuzz.ph\/erc-approves-fit-all-increase-higher-electricity-bills-expected\/","name":"ERC Approves FIT-All Increase, Higher Electricity Bills Expected - 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