No FIT-All charges for 3 mos, says ERC | Inquirer Business

No FIT-All charges for 3 mos, says ERC

/ 02:20 AM November 30, 2022

The Energy Regulatory Commission (ERC) has suspended the collection of feed-in tariff allowance (FIT-All) charges for three months from December this year to February 2023, which should translate to slightly lower monthly electricity bills.

“In light of the rising level of inflation and cost of living affecting millions of Filipino households, the government is introducing remedies to ease inflation pressure on its citizens, including those that address the ability to pay for the rising cost of electricity,” the regulator said in its resolution dated Nov. 16.

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A component of the electricity bill, FIT-All is a uniform charge levied on consumers and used as an incentive to develop more environment-friendly energy sources.

For customers of Manila Electric Co. consuming 200 kilowatt-hours a month, the suspension will cut their bills by P7.28 a month.

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“The Commission is sensitive to the impact of the rising level of inflation and cost of living to millions of Filipino households. We join the rest of government in introducing remedies to ease inflation pressure,” said ERC chair Monalisa Dimalanta.

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TAGS: electricity bills, Energy Regulatory Commission (ERC), feed-in-tariff allowance (FIT-ALL), suspension
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