IN ORDER to address barriers related to costs and resource exploration risks faced by geothermal energy developers, the National Geothermal Association of the Philippines (NGAP) is calling for coverage under the feed-in tariff (FIT) program of geothermal emerging technologies currently not commercially viable under existing market and pricing structures.
FIT is a pre-set power price guarantee for qualified renewable energy providers. Under RA 9513, the 2008 Renewable Energy Act (RE Act), FIT given to solar, wind, and other renewable energy companies with “emerging technology” for the Philippines, but not for geothermal energy producers.
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