September 6, 2018 Read More →

The Philippines needs a cost-effective net metering policy – report

PV International:

Residential and commercial PV has so far seen limited growth in the Philippines, despite the country having a net metering scheme in place for PV installations up to 100 kW in size since July 2013.

The reasons for the slow development can be found, according to a report published by the U.S.-based Institute for Energy Economics and Financial Analysis (IEEFA), in a series of administrative, financial and regulatory hurdles that are preventing Philippine homeowners and small and medium-sized enterprizes from installing rooftop solar.

The three main challenges, according to IEEFA analysts, are the net metering policy, difficult access to affordable financing and complicated approval processes, while the main drivers for future growth are expected to be high electricity prices and frequent power shortages. The authors of the report also highlighted the costs of rooftop solar in the Philippines range from PHP2.50 ($0.046) per kWh without financing expenses, to PHP5.3/kWh when such costs are included.

The Philippines needs a cost-effective net metering policy – report

Posted in: IEEFA In the News

Comments are closed.