FEF Press Release: FEF Opposes the Increase in Installation Capacity Under the FIT Subsidy
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The Foundation for Economic Freedom opposes the Department of Energy's plan to increase the solar installation target from 50MW to 500MW under the Feed-in-Tariff subsidy. They believe it is an illogical and arbitrary decision that will unjustly burden Filipino electricity consumers. It will cost consumers an additional PHP 12 billion annually for 20 years to address a short term energy need. Solar energy also has intermittent output and lower efficiency than other sources, requiring additional reserves that increase costs further. This will negatively impact competitiveness and jobs while benefiting solar developers through an excessive fixed subsidy for 20 years.
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STATEMENT OF THE FOUNDATION FOR ECONOMIC FREEDOM (FEF) ON THE MRT-LRT FARE IN...
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FEF's Official Statement on Renewable Energy
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The Foundation for Economic Freedom wrote a letter to clarify their position on renewable energy in the Philippines. They state that while they support renewable sources like geothermal and hydro, they oppose the current Feed-in-Tariff petition that would force consumers to pay double or triple the price of conventional energy through surcharges. They also oppose awarding renewable energy projects without competitive bidding. The FEF takes the position that they support renewable energy when it is economically efficient and not exploitative of Filipino consumers.Agham Feed-in Tariff system Briefer
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The document discusses renewable energy and the Philippines' Renewable Energy Act of 2008. It provides the following key points:
1) The Philippines' energy mix is currently 34% renewable, higher than the global average of less than 10%. However, the document argues that imposing feed-in-tariffs will unfairly increase costs for consumers and businesses.
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- Reliable baseload power from dispatchable sources is needed to sustain fast economic growth and ensure electricity is available when consumers need it.
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The document discusses the impact of the Fukushima nuclear disaster on renewable energy development. It summarizes that the disaster led to declining confidence in nuclear power and increased investment in renewables. However, some analysts argue renewables alone cannot meet base load energy needs. The document also discusses Philippines' energy situation, including the high cost of electricity, reconsideration of nuclear power, and efforts to develop renewables through feed-in tariffs while ensuring costs do not overburden consumers or exceed grid capacity. Regulators are working to determine appropriate feed-in tariff rates to incentivize renewables development without unduly increasing costs.Mylene Capongol, Department of Energy - Philippine Experience in Furthering R...
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The document outlines the potential and significance of renewable energy in the Philippines, highlighting various sources like geothermal, wind, solar, and biomass. It discusses the government's efforts through laws to promote renewable energy development, addressing challenges and providing incentives for private sector involvement. The National Renewable Energy Program (NREP) aims to significantly increase renewable energy capacity by 2030, emphasizing energy security, environmental sustainability, and economic development.Energy sources in the philippines
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The document discusses the energy landscape in the Philippines, highlighting the predominance of fossil fuels (73.56% of total energy) with coal as the main source. It also covers various renewable energy sources such as geothermal, hydropower, solar, wind, and biomass, noting their advantages and disadvantages. Additionally, it emphasizes the significant potential of renewables in the country amid challenges such as dependency on fossil fuels and fluctuating energy output from renewables.Philippines | Jun-16 | PHILIPPINE RENEWABLE ENERGY SITUATIONER
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The document summarizes the renewable energy situation in the Philippines. It outlines key policies and incentives to promote renewable energy development established under the Renewable Energy Act of 2008. These include a renewable portfolio standard, feed-in-tariff, and green energy option. It also provides data on the current and projected energy generation mix in the Philippines, which aims to achieve 30% renewable energy by 2030. The document further introduces PNOC Renewables Corporation, a government corporation that develops renewable energy projects and partners with private entities and local communities to expand access to renewable sources.Ad
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Press Release: FEF Statement of Support for the Passage of the Bangsamoro Bas...FEF Philippines
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The Foundation for Economic Freedom supports the passage of the Bangsamoro Basic Law (BBL) as it believes it can help end decades of civil strife and conflict in the Bangsamoro region of Mindanao and unlock economic opportunities. Peace in the region could boost Mindanao's GDP as the Bangsamoro has abundant natural resources and potential for growth. The new autonomous political entity also has the chance to learn from past failures and craft policies to attract investment. Passing the BBL consistent with Bangsamoro aspirations would strengthen pragmatists in the MILF and help ensure long-term peace and stability needed for development.Estillore rfpa process_flow_of_applications
Estillore rfpa process_flow_of_applicationsFEF Philippines
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The document outlines the process for residential free patent applications in the Philippines, which involves lot identification, verification of the applicant's claim, field verification, and records verification. It describes the steps in detail, including establishing parcel boundaries, verifying occupancy and ownership, ensuring land qualifications, and multiple reviews. Residential free patents are available for residential lands up to certain area limits depending on location, and have qualifications for Filipino citizenship and long-term occupancy.Tiamson introduction to land titling
Tiamson introduction to land titlingFEF Philippines
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This document discusses land titling in the Philippines. It begins by outlining the basic principles of land ownership, distinguishing between public domain lands owned by the state and private domain lands disposed of by the state. It then describes the sources of private land titles, including direct grants from the state like free patents, homestead patents, and sales patents. It also discusses indirect grants through judicial decrees. The document provides statistics on patents and decrees issued from 2009-2013. It outlines the government agencies involved in land titling and their roles. Finally, it discusses efforts to increase titling of residential lands and how titles can be used as collateral to access credit.Katigbak rfp and cadastral survey
Katigbak rfp and cadastral surveyFEF Philippines
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This document discusses the Residential Free Patent Act (RA 10023) and the cadastral survey process in the Philippines. It provides statistics showing that the number of residential free patents issued has increased significantly since the implementation of RA 10023. The summary also outlines the criteria, requirements, and process for applying for and obtaining a residential free patent, which grants ownership of residential land to qualified Filipino citizens. This includes requirements such as 10 years of occupancy, limits on land area, and approval from local offices like the CENRO and PENRO within set timeframes.FEF Statement of Support for Charter Change on Lifting Economic Restrictions
FEF Statement of Support for Charter Change on Lifting Economic RestrictionsFEF Philippines
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The Foundation for Economic Freedom supports the Belmonte Resolution aimed at amending restrictive economic provisions in the Philippine constitution to boost foreign investments and economic growth. It argues that enhancing foreign investment can lead to job creation and better consumer welfare. The foundation emphasizes that flexibility in ownership laws will enable a more competitive market, allowing the Philippines to adapt and thrive in the global economy.FEF Opposes the Increase in Solar Installation Capacity Under the FIT Subsidy
FEF Opposes the Increase in Solar Installation Capacity Under the FIT SubsidyFEF Philippines
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The Foundation for Economic Freedom opposes the Department of Energy's plan to increase solar installation capacity from 50 MW to 500 MW under a feed-in tariff (FIT) subsidy, arguing it will impose a significant financial burden on Filipino consumers. They estimate additional costs could reach PHP 12 billion annually for 20 years, and that the increase primarily benefits solar developers rather than addressing the temporary energy needs forecasted for 2015 and 2016. The foundation emphasizes their support for renewable energy but condemns the high FIT rates that translate to excessive costs for consumers.Building an Inclusive Democracy
Building an Inclusive DemocracyFEF Philippines
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The document discusses the prevalence and impact of political dynasties in the Philippines, particularly in the 15th Congress, highlighting that 70% of lawmakers belong to dynastic families. It explores the empirical link between political dynasties and poverty, suggesting both negative and positive effects on poverty and inequality outcomes. The study concludes that while dynasties are dominant and may provide short-term benefits, their association with socio-economic stability and development remains complex and warrants further investigation.FEF Statement on the Belmonte Resolution to Amend the Constitution
FEF Statement on the Belmonte Resolution to Amend the ConstitutionFEF Philippines
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The Foundation for Economic Freedom advocates for the passage of the Belmonte bill to amend the Philippine Constitution, which aims to promote inclusive growth and strengthen national security by easing restrictions on foreign ownership. The bill would enable increased foreign direct investments, enhancing competition, modernizing infrastructure, and creating jobs, while improving governance and transparency. Failure to amend these provisions may continue to limit the country's economic potential and competitiveness, particularly in relation to other ASEAN nations.Press Release: FEF Statement on the Signing of the GRP-MILF Peace Agreement
Press Release: FEF Statement on the Signing of the GRP-MILF Peace AgreementFEF Philippines
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The Foundation for Economic Freedom supports the comprehensive peace agreement between the GRP and MILF and urges Congress to pass the Bangsamoro Basic Law swiftly. This law is seen as a crucial step toward enhancing peace and prosperity in Mindanao by addressing current constraints to business and fostering inclusive growth. The foundation emphasizes that a stable political environment and strong institutions are essential for attracting new business investments.Ad
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FEF Press Release: FEF Opposes the Increase in Installation Capacity Under the FIT Subsidy
- 1. Foundation for Economic Freedom, Inc. BOARD OF ADVISERS: Gerardo Sicat Cesar A. Virata BOARD OF TRUSTEES: Roberto De Ocampo Chairman Romeo Bernardo Vice-Chairman Calixto Chikiamco President Ernest Leung Treasurer Atty. Ricardo Balatbat III Corporate Secretary Anthony Abad Art Corpuz Eduardo Gana Felipe Medalla Vaughn Montes Simon Paterno Gloria Tan-Climaco Francis Varela Atty. Ricardo Balatbat III Executive Director 105 Philippine Social Science Center (PSSC) Commonwealth Ave., Diliman, Quezon City Telefax: (632) 4532375 (Main Office) Tel No.: (632) 8939602 (Accounting) Website: www.fef.org.ph Email: fefphilippines@gmail.com / fef@fef.org.ph PRESS RELEASE FOUNDATION FOR ECONOMIC FREEDOM OPPOSES THE INCREASE IN SOLAR INSTALLATION CAPACITY UNDER THE FEED-IN-TARIFF (FIT) SUBSIDY We, the Foundation for Economic Freedom, firmly oppose the plan of the Department of Energy (DOE) to increase the installation target for solar energy from 50 Megawatts to 500 Megawatts (MW) under the Feed-in-Tariff Subsidy of PHP 9.68 per KWh on the pretext that the country has to build energy reserves in the summer months of 2015 and 2016. We believe the DOEs decision is illogical, arbitrary, and represents an unjust burden on Filipino electricity consumers. It is illogical because while the perceived emergency is only during the summer months of 2015 and 2016, the decision will burden Filipino electricity consumers with additional power charges amounting to PHP 12 billion annually for the next 20 years, or a grand total of PHP 240 Billion pesos. This gigantic burden is on top of the already approved subsidy for the existing installation targets for renewable energy that is conservatively estimated at PHP 8 billion pesos annually for the next 20 years. Solar energy developers will enjoy a Feed-in-Tariff (FIT) rate of PHP 9.68/kWh for the 500 MW when the Wholesale Electricity Spot Market (WESM) rate is at least half of
- 2. 105 Philippine Social Science Center (PSSC) Commonwealth Ave., Diliman, Quezon City Telefax: (632) 4532375 (Main Office) Tel No.: (632) 8939602 (Accounting) Website: www.fef.org.ph Email: fefphilippines@gmail.com / fef@fef.org.ph Foundation for Economic Freedom, Inc. that. The difference between the WESM rate and the FIT rate will be shouldered by the Filipino consumers. We estimate that the total additional bill for Filipino consumers to be at least PHP 0.32/kW hour if the additional subsidies for the expanded solar installation capacity is taken into account. Under the existing rules of the Feed-in-Tariff system, the renewable energy developers, including the solar energy producers, will enjoy a guaranteed rate of return of 16% per annum for the next 20 years. The FIT rates are fixed for 20 years, irrespective of advances in technology and reductions in cost of capital equipment. These developers will enjoy a greater amount of abnormal profits because the FIT rates calculated by the Energy Regulatory Commission two years ago may be too high given the drops in interest rates and the cost of capital equipment. The burden on Filipino consumers goes beyond the Feed-in-Tariff subsidy to Renewable Energy developers. Solar is an intermittent power source: it doesnt generate power at night or when the sun is covered by clouds. It has an efficiency rating of only 16 to 20%, which means that most of the time the equip- ment lies idle. Because of its intermittent nature, the grid has to build additional reserves. These additional energy reserves are added costs that will be passed on to the consumers. The additional electricity costs will further lessen the competitiveness of Filipino manufacturers and cause job losses. It is absurd that manufacturers and consumers have to bear this additional onerous burden for the next 20 years to address a perceived problem that will last for a mere two months in 2015 and 2016 considering alternative solutions are possible and less expensive. The plan of the Department of Energy will
- 3. 105 Philippine Social Science Center (PSSC) Commonwealth Ave., Diliman, Quezon City Telefax: (632) 4532375 (Main Office) Tel No.: (632) 8939602 (Accounting) Website: www.fef.org.ph Email: fefphilippines@gmail.com / fef@fef.org.ph Foundation for Economic Freedom, Inc. only fatten the profits of solar energy developers and their foreign equipment suppliers at the expense of Fili- pino consumers who must bear the additional unjust burden, which is effectively a tax, for the next 20 years. We, the Foundation for Economic Freedom, are not against renewable energy per se, but against the obscene prices that must be borne by the Filipino consumers due to the exorbitant Feed-in-Tariff rates and duration (20 years) given to renewable energy developers. For more information, please check our website: www.fef.org.ph , or contact the following: Ethel Briones, Program Officer ebbriones@fef.org.ph /+63 2 453 2375 Ranna Pintor, Program Officer rannapintor@yahoo.com / +63 2 453 2375