The Energy Regulatory Commission (ERC) published the Feed-in Tariff Rules in 2010, mandated in the 2008 Renewable energy Law.
Guaranteed for 20 years and adjusted annually, tariffs will come along installation capacity caps.
FIT support applies to hydro, wind, solar, ocean and biomass renewable energy sources.
To be eligible for a FIT, power utilities must received a Certificate of Compliance from the ERC. Renewable energy generators are then guaranteed priority access to dispatch and to the transmission and distribution grid.
The tariff system will be financed by a fixed charge on electricity bills referred to as the FIT-ALL.
The FIT-ALL Fund, administered by the National Grid Corporation of the Philippines shall then be redistributed to Eligible RE developers.
The FIT will decrease over time, according to fixed degression rates, to mirror progressive drops in cost of technologies.