|The Philippines||$0.2526 per kWh||$0.2526 per kWh||$0.2526 per kWh|
The government will provide a 50% exemption on electricity duty on power used during the construction period by the investors alongside, a 100% tax exemption to the project developer and VAT exemption on equipment used. The Philippines’ Energy Regulatory Commission (ERC) has finally approved an initial feed-in tariff rate for renewable energy. The FiT for all solar installations will be 9.68 PHP (US$0.23) per kWh, regardless of the size of the system or technology used.
The Philippines’ Energy Regulatory Commission as approved initial FIT rates for renewable energies. The FIT for all solar installations will be 9.68 PHP (US$0.23) per kWh, regardless of the system’s size or technology. The ERC will review and adjust the approved rates at the end of the program’s initial three-year period or once installation targets have been met.