Rules and Regulations for Implementing the Renewable Energy Act

Rules and regulations in the Circular implement the Republic Act No. 9513 to support renewable energy deployment, establish necessary infrastructure and build national and local capabilities. These include:

• 1) Renewable energy policy mechanisms can be used by the government to support deployment, including: Renewable Energy Portfolio Standards (RPS), Feed-in Tariff System (FiT), Net-Metering, Green Energy Option Program and mechanisms for Transmission and Distribution System Development.
• 2) General incentives for development including: Tax holiday for registered developers and projects; Tax exemptions for hybrid and co-generation systems and Exemptions from duties on equipment and materials.
• 3) The DOE needs to create the Renewable Energy Market as a sub-market to the wholesale energy spot market, where renewable energy certificates are traded. Renewable energy certificates are issued and managed by a Registrar appointed by DOE.

Additionally, the circular obliges the National Power Corporation and smaller power utilities, among other parties, in off-grid areas to source a minimum share of their total annual generation from available renewable resources.

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