TransCo seeks to raise 2027 FIT-All charge to P0.2154 per kWh
AI Market Summary
Philippines TransCo filed for ERC approval to raise the 2027 FIT-All charge to P0.2154/kWh from P0.2011, reflecting higher funding needs for renewable feed-in tariff differentials and a working-capital buffer. The adjustment mainly affects local power-sector cash flows and bill pass-through dynamics, with limited read-through to global listed assets. Near-term focus is on regulatory timing risk and the potential for FIT-All fund shortfalls if approval is delayed.
Impact level
● Low
Affected assets
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AI Insight · NCCOGOLD2USD/USDTAI Insight
● Neutral
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National Transmission Corp. (TransCo) has asked the Energy Regulatory Commission (ERC) to approve a higher feed-in tariff allowance (FIT-All) rate for 2027, proposing an increase to P0.2154 per kilowatthour from the current P0.2011. The uniform charge is collected from on-grid electricity consumers to cover the gap between fixed feed-in tariff payments to eligible renewable energy developers and spot market prices, as well as a working-capital buffer. TransCo said the FIT-All Fund’s estimated annual revenue requirement for 2027 is P25.12 billion, with 87.29% allocated to the tariff differential and 12.61% to working capital.
