Evaluating the Feed-in Tariff Policy in the Philippines

Joyce Marie Parales Lagac and Josef Teofisto Yap
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Joyce Marie Parales Lagac: Access to Sustainable Energy Programme- Clean Energy Living Laboratories, Ateneo de Manila University, Philippines, Philippines.
Josef Teofisto Yap: Access to Sustainable Energy Programme- Clean Energy Living Laboratories, Ateneo de Manila University, Philippines, Philippines.

International Journal of Energy Economics and Policy, 2021, vol. 11, issue 4, 419-425

Abstract: To address the problems of climate change and energy security, the Philippines enacted the Renewable Energy (RE) Act of 2008. The law mandated the Feed-In Tariff (FiT) policy, which was designed to provide a guaranteed fixed price to RE investors for 20 years to develop renewable technology. This paper aims 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 has led to an increase in RE generating capacity, the share of renewable energy in the country 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 (search for similar items in EconPapers)
JEL-codes: Q40 Q48 (search for similar items in EconPapers)
Date: 2021
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

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Persistent link: https://EconPapers.repec.org/RePEc:eco:journ2:2021-04-48

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