In renewable energy: a scheme that involves the obligation on the part of electric power industry participants to source electricity from RE generation at a guaranteed fixed price applicable for a given period of time, which shall in no case be less than twelve (12) years, to be determined by the ERC [Section 5, Rules and Regulations Implementing Republic Act No. 9513]
In renewable energy, RPS: the system mandated under Section 7 of the RE Act [Section 5(i), DOE Department Circular No. DC2017-12-0015, RPS Rules for On-Grid Areas]