Renewable Energy Trust Fund (RETF)

In renewable energy: Pursuant to Section 28 of the Act, [it] is established to enhance the development and greater utilization of renewable energy [Section 32, Rules and Regulations Implementing Republic Act No. 9513] Note: Section 32 of the IRR provides exclusive...

Cost of Goods Sold

In renewable energy: shall include all business expenses directly incurred to produce the merchandise to bring them to their present location and use, consistent with Section 27, Paragraph A(7) of the NIRC of 1997, as amended by Republic Act No. 9337 [Section 20(a),...

Gross Income derived from business

In renewable energy: shall be equivalent to gross sales less sales returns, discounts and allowances, and cost of goods sold, consistent with Section 27, Paragraph A(7) of the NIRC of 1997, as amended by Republic Act No. 9337 [Section 20(a), Rules and Regulations...

Feed-in Tariff (FiT) System

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)...

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