In renewable energy: the amount due the National Government and Local Government Units from the exploitation, development, and utilization of naturally-occurring renewable energy resources such as geothermal, wind, solar, ocean and hydro excluding biomass [Section 4(t), RE Act of 2008; Section 3(u), Rules and Regulations Implementing Republic Act No. 9513]
Note: Under the IRR, “National Government” is written as “national government”, “Local Government Units” is written as “local government units (LGUs)”, and “renewable energy resources” written as “RE resources”. Also, “hydro” is written as “hydropower”, with a comma following it to separate it from “excluding biomass”.
In renewable energy, trust fund: the amount due the National Government and Local Government Units from the exploitation, development, and utilization of conventional and RE resources [Section 2(p), DOE Department Circular No. DC2022-06-0018, Adopting the Guidelines and Procedures in the Fund Sourcing, Accounting, and Audit of Renewable Energy Trust Fund Pursuant to Section 28 of the Renewable Energy Act of 2008, otherwise known as Adopting the Guidelines and Procedures in the Fund Sourcing, Accounting, and Audit of the Renewable Energy Trust Fund or RETF Guidelines]