Group backs feed-in tariff for biomass venturesBy: Abigail L. Ho
Philippine Daily Inquirer
12:30 am | Monday, September 12th, 2011
The Federation of Philippine Industries is urging the Energy Regulatory Commission (ERC) to defer the issuance of feed-in tariff (FIT) rates for wind and as these technologies are still too expensive to use as mainstream power sources.
In a position paper submitted to the ERC earlier this month, the group said that including wind and projects in the FIT scheme would result in much higher electricity rates—something that both consumers and industries could ill afford as rates were already too high now.