Cusi lukewarm to extend FIT allocation for biomass, run-of-river
Energy Secretary Alfonso Cusi does not want to extend the feed in tariff (FIT) allocation for biomass and run-of-river technologies which inset to expire by end of the year.
“What I’m saying is the Philippines, as a developing country, and based on our per capita, it’s difficult to be giving subsidy or giving FIT,” Cusi said.
While solar and wind have had a second round, the FIT allocation for biomass and run-of-river technologies remain undersubscribed three years after the program’s implementation.
Both technologies have an installation target of 250 megawatts each. But as of the end of 2016, only 28.6976 MW had been taken up under the run-of-river hydro while 144.80 MW for biomass.
The FIT system is an incentive scheme that grants priority connections to the grid, priority purchase and transmission of, and payment for electricity generated at a fixed tariff for 20 years.