|Year:||2011 (Sep 6th)|
|Policy status:||In Force|
|Date Effective:||2011 (Sep 6th)|
|Policy Type:||Economic Instruments, Economic Instruments>Fiscal/financial incentives, Economic Instruments>Fiscal/financial incentives>Grants and subsidies, Regulatory Instruments|
|Policy Target:||Multiple RE Sources, Multiple RE Sources>Power|
|Size of Plant Targeted:||Small|
|Agency:||Energy Regulatory Commission (ERC)|
|Legal References:||ERC Res. 21 of 2011 - A Resolution Adopting the Amended Guidelines for the SEtting and Approval of Electricity Generation Rates and Subsidies for Missionary Electrification Areas [Off-grid Areas]|
|Funding:||ME Subsidy is funded from Congress contributions, private capital, multilateral aids or grants, Official Development Assistance Funds and others.|
The guidelines regulate the subsidies for Missionary Electrification Areas (areas not connected to the main grid) and cash incentives for renewable energy developers for Missionary Electrification both financed from the Universal Charge for Missionary Electrification and referred to under the Renewable Energy Act of 2008.
A Competitive Selection Process (CSP) can be organised by Electric Cooperatives (ECs) to select New Power Producers (NPP) for electricity generation in off-grid areas. The bidders are required to ensure compliance by submitting a performance bond (or other form of financial guarantee). The winner is selected on a least cost basis. To test whether the winning bidder’s price is reasonable, the Energy Regulatory Commission may use the national Feed-in-tariff price as a benchmark.
Missionary Electrification Subsidy (ME Subsidy) will be granted to the selected NPPs to allow recovery of the cost of generation.
The policy adopted in this resolution amends the Subsidized Approved Generation Rate Guidelines (SAGR).
|Related policies:||Act Ordaining Reforms In The Electric Power Industry, Amending For The Purpose Certain Laws And For Other Purposes , Renewable Energy Act , Philippines|
In order to view a full version of the Resolution please click here.
Last modified: Thu, 16 Feb 2017 11:21:07 CET