The Energy Regulatory Commission or ERC said enough funding is available to cover the suspension of the Feed-in Tariff Allowance or FIT-All collection even until the end of the year.

ERC CEO and chairperson Monalisa Dimalanta recently told reporters that the power regulator will continue to monitor the situation to sustain the FIT-All suspension to benefit consumers.

"It looks like the funding is enough for the year but we continue to monitor the situation because we do not want to deplete the fund," Dimalanta said.
The ERC indefinitely extended the FIT-All collection suspension "for September 2023 until otherwise lifted by the Commission."

3rd suspension

"This is the third suspension in a row issued by the ERC to provide relief through reduced power cost in the amount of P0.0364/kWh," the ERC noted.
The FIT-All mechanism was established under the Renewable Energy Act of 2008 to boost the development of clean sources like wind, solar, run-of-river hydro, and biomass facilities.

It is a uniform charge in pesos per kilowatt-hour payable by all electricity users calculated and set annually.
The FIT-All fund collected is being administered by the National Transmission Corporation, to cover payments to renewable energy developers under the FIT system.

The suspension of FIT-All collection is one of the immediate interventions the ERC discussed with the distribution utilities to help consumers cope with the high inflation.

In November 2022, the ERC directed the suspension of FIT-All for three billing months from December 2022 until February.
Through another resolution dated 23 February, the ERC extended the suspension further this August to bring relief to the consumers in terms of a lower power rate of P0.0364 per kilowatt-hour.

The order also directed the Distribution Utilities, Retail Electricity Suppliers, and National Grid Corporation of the Philippines to report the status of its implementation from December 2022 to February suspension of collection.