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ERC sets modified feed in tariff rates for ROR hydro and biomass

BusinessWorld May 28, 2021 | 5:48 pm The revised rates will cover the period of Jan. 1, 2018 to Dec. 31, 2019.  The ruling dated Nov. 23 detailed the regulator’s computations of the FiT 2, taking into consideration technical, operating, economic and tax assumptions, among others.  The FiT is a fixed subsidy paid by the government to RE developers to partially offset the risks in taking on new technology. The tariff comes from the FiT-Allowance, a uniform charge billed to on-grid customers. The collections are remitted to the National Transmissions Company, which will then distribute it to developers participating in the FiT system.  The decision, which was signed by ERC Chairperson and Chief Executive Officer Agnes VST Devanadera and four commissioners, comes as a response to the National Renewable Energy Board’s (NREB) proposal for a modified FiT rate for ROR hydro at P5.8705/kWh. The NREB also asked to retain the digressed FiT for biomass projects at P6

Industry lobby bats for clean coal role in achieving net zero

BusinessWorld May 23, 2021 | 6:22 pm REUTERS GOVERNMENTS must consider all available technologies, including advances in “clean coal,” in their strategies for achieving net-zero emissions, a UK-based coal industry group said last week. “Our focus has to be on… deploying the best-available clean technologies, whatever they might be, including clean coal technologies, so that they can actually play their part in (reaching) our overall global community goal of net zero,” World Coal Association (WCA) Chief Executive Officer Michelle M. Manook told BusinessWorld in a video call on May 17. “It shouldn’t be that we dismiss coal outright. We need to look at coal in terms of, how it can actually position itself for the next generation of clean, efficient plants,” she added.

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