Legal & Tax Updates [Back to list]
DOE Amends Guidelines for the Green Energy Auction Program
The Department of Energy (“DOE”), in the revised Guidelines for the Green Energy Auction Program (“GEAP”) under Department Circular (“DC”) No. DC2021-11-0036, instituted a competitive process in the selection of eligible renewable energy (“RE”) facilities entitled to the Feed-In Tariff Allowance (“FIT-All”) Fund. However, under the GEAP, the Feed-In Tariff (“FIT”) to be paid to the selected eligible RE facilities is fixed based on the price (in PHP/kWh) of the winning bidder’s offered capacity in Green Energy Auction or the Green Energy Tariff (“GET”).
On 26 September 2023, the DOE issued DC No. DC2023-09-0027 to amend Section 9.13 of the GEAP Guidelines to clarify that the GET is the same as the FIT and is not a separate and distinct charge or imposition against the FIT-All Fund.
Section 9.13 of the GEAP Guidelines now reads as follows:
“9.13. Post-Auction Procedures. After securing a COE-GET, the Winning Bidder/s shall comply with the procedures outlined in ERC Resolution No. 16, Series of 2014. For purposes of securing a Certificate of Compliance from the ERC, the COE-GET shall be considered, interpreted, and accepted as the same Certificate of Endorsement for FIT Eligibility issued by the DOE under Fit. In the availment of the FIT-All Fund, the GET of a Winning Bidder shall be considered, interpreted, and accepted as the FIT.”