According to a report by the Philippine Manila Bulletin on October 9, the Philippine Department of Energy has approved an initial renewable energy generation capacity of 760,000 kilowatts. The cumulative subsidy for consumer electricity bills over the next three years will reach 11.79 billion pesos. Of this, 1.74 billion pesos will be allocated in 2012 to subsidize 50,000 kilowatts of solar power generation. Considering the launch of other renewable energy sources such as biomass power, the subsidy will increase to 3.12 billion pesos in 2013 and reach 6.93 billion pesos in 2014, with an average price of 0.1463 pesos per kilowatt-hour.
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