This must be what all of us is screaming.
Indeed since 2010, there is dramatic increase in the cost of generation to the world's already second highest generation rate. Coming this July 2012, we are poised to be the number 1 most expensive generation cost in the world... see link here.
This June 2012 bill already had shown 112% rate increase since January 2012 or an increase of 67 cents (PhP) from Php5.464 to Php6.1375 per kW-hr.
Since Jan 2010 to June 2012, the increase is already 156.6% or more than the national inflation rate. This increase if from Php3.92 to Php6.14 per kW-hr or an increase of Php2.22 per kW-hr!
This can be summarized that increase in power bills is inevitable since these increases are pegged or being reasoned to be the effect of oil and gas price increase in the world market. Of course it is because oil, gas and coal are finite resources... dumb dumb!
This is expected already... for a finite energy source...
So what should be done..? Something infinite source of energy should be utilize... and what are those?
The wind, water and SUN.
Solar FIT impact to consumers when calculated using the already reduced proposed installation capacity is only Php0.56 per kW-hr... say what? 60 cents monthly impact for 20 years as against the 67 cents REAL increase experienced from January 2012 to June 2012! Something's wrong when you said that 60 cents is higher than 67 cents! In what universe would that be?
And then you have FIT ALLowance or the FIT rate when all Renewables energy sources are bundled together, the FIT ALL is pegged at Php0.01 kW-hr (wind, micro hydro power, biodiesel, and solar bundled into one) click here to read FIT ALL
Which is more expensive? 5 cents SOLAR FIT or monthly power bill increase?
Even so, is 1 centavo FIT ALL impact higher than what increase will be in the next 6 months?
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This is part of a series. SOLAR BASICS 101
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