The Energy Regulatory Commission (ERC) has approved long-pending adjustments to the Feed-in Tariffs (FIT) covering calendar years 2021 to 2025, and has directed that the approved adjustments be recovered by eligible FIT plants over a five-year period starting in 2026.
The FIT adjustments are mandated under the FIT System Rules previously issued by the ERC to support the growth of the renewable energy sector and encourage continued investment in new clean energy capacity.
Under the approved rates, biomass projects that entered the FIT scheme in 2014–2015 will receive adjusted rates of Php7.0655/kWh in 2021, Php6.9609 in 2022, Php7.3298 in 2023, Php7.9363 in 2024, and Php8.1259 in 2025.
For run-of-river (ROR) hydro projects, the FIT for 2014–2015 entrants is set at Php6.1747/kWh in 2021, declining slightly to Php6.1404 in 2022, before rising to Php6.4514 in 2023, Php6.9714 in 2024, and Php7.1626 in 2025.
In the solar segment, FIT rates for 2014 plants have been adjusted to Php10.5513/kWh in 2021, Php10.2758 in 2022, Php10.8507 in 2023, Php11.7776 in 2024, and Php12.0074 in 2025.
Meanwhile, wind power projects from the 2014 FIT round will receive adjusted rates of Php9.1940/kWh in 2021, Php9.0053 in 2022, Php9.4960 in 2023, Php10.2946 in 2024, and Php10.5178 in 2025.
The ERC noted that rates for other FIT rounds are also covered in the resolution, which will be published on the commission’s official website.
Commenting on the decision, ERC Chairperson Nino Juan said the approval represents the first FIT adjustment since 2020, adding that it reaffirms the commission’s commitment to ensuring the success of the FIT system as mandated under the Renewable Energy Act.
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