It should be about $0.05 next year (or P2.50) equal to natural gas.
In the energy sector in the Philippines, solar energy is not much in favor:
1. Power costs are expensive compared to hydro (about P2.00 kwh) or nuclear (same amount) coal (P3.00/kwh) bunker fuel (P3.00 kwh) Then it goes up solar about P8.00, diesel reciprocating P20.00. For base loads, solar can not be used.
2. High FIT (feed in tariff and ERC has restricted the load that is eligible for FIT) of P8.00+
Elsewhere in the world, in Germany, the highest user, the rooftop solar has put even clean burning fossil fuel plants like CNG/LNG plants. In Australia, solar panels and other renewables has put fossil fuel fired plants (coal) out of business (well because of the very high carbon tax in Australia - they are very serious about their carbon emission, greenhouse gases, global warming/climate change and for RIGHT REASONS)
From Sovensolar
In Hawaii, a state of progressive country like USA, they made such restrictive rules for net metering (maybe as defense to the debacle of utilities in Germany and Australia) The same is true in MM, Phil. The power DU has made such stringent rules for net metering; they have outlawed hybrid inverters (those that shift from grid tied to offgrid in case of power interruptions). There will come a time that ERC would be more enlightened, hindi nadudukut ang rates at mga policies.
Throughout the world especially in Germany, South Korea India and Japan, half of the investments in power gen were in solar. (About $252 billion investments were made in power gen in 2011 with over half going to solar - from Solar Tribune
Renewables, alternative energy is the wave of the future and we will not kill this now.
But here are some facts on costs:
Solar LCOE dropped 20% last year; it has dropped 80% for the last 5 years. Even power storage costs (batteries) will go down till 2017
From Lazard - comparison of various LCOE from various technologies
From Wikipedia - LCOE of various energy techs
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