Duterte urged: Heed Congress call to suspend FiT
An infrastructure-oriented thinktank urged President Rodrigo Duterte to order energy regulators to suspend the implementation of the feed-in tariff (FIT) for renewable energy.
“The present national imperative is to reduce the prices of goods to stem inflation. One measure which will significantly reduce the prices of basic goods and services is the suspension of the FiT paid to renewables, as previously proposed by Albay Representative Joey Salceda.”
This was the statement of Terry Ridon, Infrawatch PH convenor and former urban poor chief of Mr. Duterte.
“Feed-in-tariffs recently increased from P0.18 to P0.26 kilowatts per hour. Suspending FiT at this time translates into monthly savings of PhP51.26 for the typical household consuming 200kwh.”
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Ridon said these savings translate into more funds for food items and other household needs.
“It should be noted that FiT suspension makes sense in view of the present status of solar power technology – they are now able to offer 24-hour electricity at 2.99kwh. This makes FiT absolutely unnecessary, and fuels public speculation that FiT incentives merely ensure profits for renewables benefiting from the tariff.”