Evaluating the Feed-in Tariff Policy in the Philippines

ASOG WORKING PAPER 20-004

25 Pages Posted: 10 Feb 2020

See all articles by Joyce Marie Lagac

Joyce Marie Lagac

Access to Sustainable Energy Programme-Clean Energy Living Laboratories

Josef T. Yap

Access to Sustainable Energy Programme-Clean Energy Living Laboratories

Date Written: January 16, 2020

Abstract

In order to address the challenges of energy security and climate change, the Philippines enacted the Renewable Energy (RE) Act of 2008 to promote renewable energy. The Philippine Feed-In Tariff (FiT) policy was designed to provide a guaranteed fixed price to RE investors for a period of twenty (20) years to develop renewable technology. The objective of this paper is to evaluate the effectiveness of the FiT policy in promoting renewable energy development in the Philippines by assessing its costs and benefits. Data show that while the FiT led to the increase in RE generating capacity, the share of renewable energy in the total power generation mix has been declining since 2011. The findings also suggest that the Philippines has incurred a net social cost from its implementation of the FiT.

Keywords: Feed-in Tariff, Electricity, Policy Evaluation, Philippines, Renewable Energy

Suggested Citation

Lagac, Joyce Marie and T. Yap, Josef, Evaluating the Feed-in Tariff Policy in the Philippines (January 16, 2020). ASOG WORKING PAPER 20-004. Available at SSRN: https://ssrn.com/abstract=3520401 or http://dx.doi.org/10.2139/ssrn.3520401

Joyce Marie Lagac (Contact Author)

Access to Sustainable Energy Programme-Clean Energy Living Laboratories ( email )

Pacifico Ortiz Hall, Fr. Arrupe Road
Social Development Complex
Quezon City, Manila 1108
Philippines
426 6001 ext. 4640 (Phone)

Josef T. Yap

Access to Sustainable Energy Programme-Clean Energy Living Laboratories ( email )

Pacifico Ortiz Hall, Fr. Arrupe Road
Social Development Complex, Loyola Heights
Quezon City, Manila 1108
Philippines
(02) 426 6001 ext. 4640 (Phone)

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