As of January 31, 2024, the approved feed-in-tariff rate for solar power with an installation capacity target of 50 megawatts in the Philippines was 9.68 Philippine pesos per kilowatt hour, the highest among other renewable energy sources. Hydropower, on the other hand, has a FIT rate of 5.9 Philippine pesos per kilowatt hour for an installation capacity target of 350 megawatts.
FIT rates in the Philippines is approved by the Energy Regulatory Commission. FIT is a program implemented by the energy department as part of the implementation of the Renewable Energy Law of 2008.
Approved feed-in-tariff (FIT) rates in the Philippines as of January 2024, by energy source
(in Philippine pesos per kilowatt-hour)
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Department of Energy (Philippines). (March 4, 2024). Approved feed-in-tariff (FIT) rates in the Philippines as of January 2024, by energy source (in Philippine pesos per kilowatt-hour) [Graph]. In Statista. Retrieved January 06, 2025, from https://www.statista.com/statistics/1381667/philippines-approved-fit-rates-by-source/
Department of Energy (Philippines). "Approved feed-in-tariff (FIT) rates in the Philippines as of January 2024, by energy source (in Philippine pesos per kilowatt-hour)." Chart. March 4, 2024. Statista. Accessed January 06, 2025. https://www.statista.com/statistics/1381667/philippines-approved-fit-rates-by-source/
Department of Energy (Philippines). (2024). Approved feed-in-tariff (FIT) rates in the Philippines as of January 2024, by energy source (in Philippine pesos per kilowatt-hour). Statista. Statista Inc.. Accessed: January 06, 2025. https://www.statista.com/statistics/1381667/philippines-approved-fit-rates-by-source/
Department of Energy (Philippines). "Approved Feed-in-tariff (Fit) Rates in The Philippines as of January 2024, by Energy Source (in Philippine Pesos per Kilowatt-hour)." Statista, Statista Inc., 4 Mar 2024, https://www.statista.com/statistics/1381667/philippines-approved-fit-rates-by-source/
Department of Energy (Philippines), Approved feed-in-tariff (FIT) rates in the Philippines as of January 2024, by energy source (in Philippine pesos per kilowatt-hour) Statista, https://www.statista.com/statistics/1381667/philippines-approved-fit-rates-by-source/ (last visited January 06, 2025)
Approved feed-in-tariff (FIT) rates in the Philippines as of January 2024, by energy source (in Philippine pesos per kilowatt-hour) [Graph], Department of Energy (Philippines), March 4, 2024. [Online]. Available: https://www.statista.com/statistics/1381667/philippines-approved-fit-rates-by-source/
