ERC clears feed-in tariff adjustments

MANILA, Philippines – The Energy Regulatory Commission (ERC) has approved long-pending adjustments to feed-in tariff (FIT) rates covering 2021 to 2025, allowing eligible renewable energy plants to recover authorized amounts over a five-year period beginning in 2026. In a statement, the ERC said the adjustments apply to FIT-eligible plants under the renewable energy program established