Connect with us

Hi, what are you looking for?


Amid cloud over FiT, quota for river hydro remains unfilled

THE DEPARTMENT of Energy (DoE) said Tuesday that run-of-river (RoR) hydropower plants remains undersubscribed for the feed-in tariff (FiT) scheme, noting that as of December, some 103 megawatts (MW) worth of capacity remained available as of December.

“With regard to the FiT system, the only remaining undersubscribed RE technology is run-of-river hydro. So, as of December 2020, there are still about 103 MW of capacity for run-of-river hydro open for FiT eligibility,” Renewable Energy Management Bureau Director Mylene C. Capongcol said during a virtual Joint Congressional Energy Commission hearing Tuesday.

The target installation capacity for RoR hydro is 250 MW.

“The 250 (MW) installation target may be reached by 2022 if the (projects) progress as reported,” Ms. Capongcol said.

Four months ago, the DoE granted another deadline extension to developers of RoR projects who intended to apply for the FiT scheme. The department added that it will continue to receive applications until the 250 MW quota is filled.

FiT is a fixed subsidy paid by the government to RE developers to partially offset the risks in taking on new technology.

At the hearing, Energy Secretary Alfonso G. Cusi called FiT unaffordable for a developing country.

“With regard to the FiT, tinigil na po natin iyan dahil talaga pong mali iyan (we stopped it because it is wrong). That is robbing the consumers. As a developing country, we cannot afford to be giving FiT or subsidies para po dun sa mga bagong (for the new) technologies that are being introduced,” he said. Developers under the FiT system are entitled to a FiT Allowance, a uniform charge billed to on-grid customers.

He took the same position during the PH-US at 75: Strengthening Ties through Sustainable Recovery economic briefing on April 15.

Asked to comment on Mr. Cusi’s earlier statements, Ms. Capongcol told BusinessWorld in an April 21 e-mail that he may have meant that there will be no new round of FiT applications.

On Tuesday, Mr. Cusi said: “If I have my way, I would like to revisit the FiT (certifications) that we granted because the rates of renewables have really gone down (and become) competitive.” — Angelica Y. Yang

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Get the daily email that makes reading the news actually enjoyable. Stay informed and entertained, for free.
Your information is secure and your privacy is protected. By opting in you agree to receive emails from us. Remember that you can opt-out any time, we hate spam too!



By Diego Gabriel C. Robles THE COUNTRY’S Socioeconomic Planning chief on Monday belittled the peso’s free fall against the dollar, saying there is nothing...


By Kyle Aristophere T. Atienza, Reporter SAN MIGUEL CORP. would proceed with building an international airport north of the Philippine capital even after a...


FELIPE M. MEDALLA / COURTESY OF BANGKO SENTRAL NG PILIPINAS PHILIPPINE CENTRAL BANK Governor Felipe M. Medalla would continue the “game-changing” reforms of the...


RAZON-LED Prime Infrastructure Capital, Inc. through its unit WawaJVCo, Inc. announced that it completed the Tayabasan weir, which is the first phase of its...


FRUITAS Holdings, Inc. plans to use part of its one-time gain from selling existing shares in subsidiary Balai ni Fruitas, Inc. to fund its...


LISTED construction company Megawide Construction Corp. announced on Monday that it secured its eighth contract with housing developer PHirst Park Homes, Inc. (PPHI). Under...

You May Also Like


Having a good Instagram marketing agency to back up your Instagram account is an absolute must going into the new year. With competition stronger...


Ivermectin, an existing drug against parasites including head lice, has had a checkered history when it comes to treating COVID-19. The bulk of studies...


Insomnia is the most common sleep disorder in the global population. Therefore, it is a problem that many people suffer or have suffered throughout...


As a traditionally rigid insurance industry becomes bogged down by antiquated processes and operations, a handful of industry leaders are seeking to shake things...

Disclaimer:, its managers, its employees, and assigns (collectively "The Company") do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice. The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

Copyright © 2021 SmartRetirementReport. All Rights Reserved.