ERC reviewing ocean energy FIT

The ERC has revived and is reviewing a feed-in-tariff (FIT) rate for electricity generated from ocean technology, which was earlier deferred because of the lack of sufficient data to support the formulation of a rate.  ERC Director III Debora Anastacia T. Layugan in a briefing on Wednesday at the Discovery Suites said the decision to defer setting a FIT rate was due to the lack of comprehensive data about the technology, the absence of technical expertise in ocean energy development, and high upfront cost.  Read more here.

Advertisements

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s