The Energy Regulatory Commission said it would expedite the review of National Power Corp.’s petition to avail of the universal charge for missionary electrification.
The UC-ME funds the programs and projects of the NPC, which is mandated under the Electric Power Industry Reform Act of 2001 to perform the missionary electrification through the Small Power Utilities Group.
“In view of the various correspondences received by the ERC from several new power providers and qualified third parties informing the commission of the circumstances surrounding the delay of the NPC in the payment of UC-ME subsidy billing, please be advised that the commission is already in the process of evaluating all pending petitions of NPC for the approval of its availment from the UC-ME and all other similar applications involving the UC-ME,” the ERC said in an advisory.
The NPC said the continuous increase in the average price of diesel led to the depletion of the state-owned power firm’s allotted funds for fuel. Alena Mae S. Flores