Consumers Get Relief in Their Electricity Bills for the Next Six (6) Months as ERC Suspends Anew the Collection of FIT-All Charges

 23 February 2023/ERC-Planning and Public Information Service

PASIG CITY - The Energy Regulatory Commission (ERC) directed the extension of suspension in the collection of the Feed-in Tariff Allowance (FIT-All) for another six (6) months starting March 2023 until August 2023.  Amid high cost of electricity, the ERC’s move will bring relief to the consumers in terms of a lower power rate by PhP0.0364/kWh.

It can be recalled that on 16 November 2022, the Commission issued a Resolution suspending the FIT-All Collection from December 2022 to February 2023.

In view of the rising level of inflation and cost of living affecting millions of Filipino households, the ERC re-evaluated the FIT-All Fund balance and found its healthy status, which can sufficiently cover the FIT-All payment requirements for six (6) more months.

The FIT-All is a uniform charge imposed on all on-grid electricity consumers, and is a component of the electricity bill that ensures the development and promotion of renewable energy (RE) in the country.

The Distribution Utilities (DUs), Retail Electricity Suppliers (RES), and National Grid Corporation of the Philippines (NGCP), are directed to report to the ERC not later than 31st of March 2023, the status of its implementation of the suspension of the collection of FIT-All charge from December 2022 to February 2023 billing period. The directive was issued in order for the Commission to ensure correct and timely compliance of these said entities, as the collection agents.  The directive is contained in ERC’s Notice of Resolution dated 22 February 2023.