The Bureau of Energy on Friday unveiled its preliminary feed-in tariff (FIT) rates for renewable energy sources, including solar, wind, biomass, biodegradable waste, geothermal and hydropower, which are to take effect next year. In contrast, the FIT rates for wind power projects next year are to be 7 to 8 percent lower than this year, when levels decreased 5 percent. Wind power developers have called on the agency to recalculate the rates in a more realistic manner. Therefore, establishing the appropriate rates remains a major challenge to the optimization and effective implementation of the FIT scheme. However, the scheme should involve more citizens and small businesses in the generation of renewable energy.
