Power cost seen rising next year due to FIT-All

Consumers will pay for higher power rates next year, or once the Energy Regulatory Commission approves the “close to P0.23 per kilowatt-hour” feed-in tariff application of National Transmission Corp.

TransCo is set to file its feed-in tariff allowance application to the ERC next week.

Energy Secretary Alfonso Cusi, who sits on the TransCo board, told reporters during the inauguration of the Panay Energy Development Corp.’s coal power plant in Iloilo City that TransCo was preparing the application for submission.

Cusi said the FIT-All would be around P0.22 per kWh, but a TransCo source said the application would be closer to P0.23 per kWh.

Read more here.

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