Renewable energy delivers nearly twice the FIT-ALL rate in lower electricity costs
QUEZON CITY, 26 August 2026 –– Renewable energy projects supported through the Feed-in-Tariff (FIT) mechanism have reduced electricity bills by Php 0.3916/kWh* across 2024-2025, almost twice the recently elevated FIT Allowance (FIT-All) rate of Php 0.2073/kWh, according to a new analysis by the Institute for Climate and Sustainable Cities (ICSC). At the system level, FIT-supported renewable energy generated an estimated ₱99.2 billion in wholesale electricity market savings in 2024 and 2025 alone. That two-year amount is already equivalent to nearly half of the ₱220.5 billion consumers have paid through FIT-ALL over the roughly 11 years since collections began in [...]
RE projects need to ease social impact [Inquirer.net]
by Meg. J Adonis | January 30, 2024| Published by Inquirer | READ THE STORY HERE MANILA —The Philippine renewable energy sector needs to revisit their business strategies to ensure that infrastructure development does not cause further harm to the environment and communities, allied civil society groups said in a report. The Responsible Energy Initiative (REI) Philippines, a multiyear program promoting responsible energy transition led by six organizations in the country, highlighted in its “Renewable Energy to Responsible Energy: A Call to Action” report that key industry players needed to come up with mechanisms that can “anticipate [...]