Rather than pay an equal amount for energy, however generated, technologies such as wind power,

for instance, are awarded a lower per-kWh price, while technologies such as solar PV[citation
needed]
and tidal power are offered a higher price, reflecting costs that are higher at the moment.

The goal of feed-in tariffs is to offer cost-based compensation to renewable energy producers,
providing price certainty and long-term contracts that help finance renewable energy investments

The Energy Regulatory Commission is set to issue an order for the collection of feed-in tariff
allowance by state-owned National Transmission Corp. amounting to P0.04057 per kilowatt-hour
covering 2014 and 2015.

The ERC approved feed-in tariff rates as follows: run of the river hydro (P5.90 per kWh); biomass
(P6.63 per kWh ); wind (P8.53 per kWh); and solar (P9.68 per kWh).

The feed-in tariff system guarantees all eligible renewable energy plants the applicable rates for a
period of 20 years.

When FIT took effect on July 23, 2012, the FIT rate for Solar Energy is Php
9.68/kWh

However, effective May 6, 2015 the FIT rate for Solar energy is Php 8.69/kWh
until March 15, 2016 as per ERC Resolution No. 6, Series of 2015. From
March 16, 2016 the rate will be adjusted but there is no fixed computation
given by the ERC. According to the ERC personnel, parameters are set in
determining the rate. (I will research on the factors counted, and email it
ASAP)

Stakeholders (including Minergy) submitted comments on the possible

amendment of FIT rules due to the new installation target for Solar power. The
original installation target for Solar is 50. However, the DOE revised the target,
from 50 to 500. Thus, the 9.68 was adjusted to 8.69 beginning May 6, 2015.

The FIT rate for Citicore is 8.69 because it is covered by ERC Reso No. 6,
setting the rate to 8.69.