Announcements

Feed-In Tariff Allowance (FIT-ALL) Rate Increases

IMPORTANT NOTICE TO OUR VALUED CUSTOMERS

The ENERGY REGULATORY COMMISSION (ERC) issued on 10 October 2014 an order under ERC Case No. 2014-109 RC granting provisional authority (PA) to the NATIONAL TRANSMISSION CORPORATION (TRANSCO) to implement the Feed-in Tariff Allowance (FIT-ALL) rate effective last January 2015 billing of all On-Grid electricity consumers.

On 9 May 2017 decision has been made under ERC Case No.2015-216RC granting TRANSCO a Php.0590/kWh increase in the FIT-ALL rate from its previous rate of Php.1240 to Php.1830/kWh.

The FIT-ALL is a uniform charge akin to the Universal Charge that is imposed on all On-Grid electricity consumers who are supplied with electricity through the distribution or transmission network. The FIT System as established under Section 7 of Republic Act No. 9513, otherwise known as the Renewable Energy Act of 2008 (RE Law).

Olongapo Electricity Distribution Co., Inc. (OEDC), as one of the designated “Collection Agents” of the Feed-in Tariff Allowance (FIT-ALL) under the FIT Rules (“Resolution No. 16, Series of 2010, as amended by Resolution No. 15, Series of 2012), adheres with the above Order of the ERC for the implementation of the collection of the FIT-ALL System from our customers at a new approved rate of Php.1830/kWh effective JUNE 2017 billing.

For your concerns and inquiries, kindly visit our office at #19 18th St., West Bajac-Bajac, Olongapo City or call our hotline no. (047) 222-9410.

 

May 25th, 2017|

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