00:00 The Energy Regulatory Commission announced that the collection of the feed-in tariff
00:03 of power giant Miralco is still suspended up to September.
00:07 The ERC said that this decision aims to help Filipinos badly affected by the still prevalent
00:12 high prices of prime commodities.
00:15 If allowed, Miralco would collect an additional 36 centavos per kilowatt hour in their power
00:20 rates under the FIT allowance.
00:23 Revenue generated from such scheme would be used as funds for the creation and encouragement
00:27 of renewable and clean energy sources under the Renewable Energy Act of 2008.
00:32 (upbeat music)
