Tuesday, June 6, 2023
manilastandard.net
ADVERTISEMENT
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Others
    • Pets
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Technology
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • MS ON THE ROAD
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Gallery
      • Photos
      • Videos
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
  • Advertise with Us
No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Others
    • Pets
    • Pop.Life
      • Newsmakers
      • Hangouts
      • A-Pop
      • Post Its
      • Performances
      • Malls & Bazaars
      • Hobbies & Collections
    • Technology
      • Gadgets
      • Computers
      • Business
      • Tech Plus
    • MS ON THE ROAD
      • Sedan
      • SUV
      • Truck
      • Bike
      • Accessories
      • Motoring Plus
      • Commuter’s Corner
    • Home & Design
      • Residential
      • Commercial
      • Construction
      • Interior
    • Spotlight
    • Gallery
      • Photos
      • Videos
    • Events
      • Seminars
      • Exhibits
      • Community
    • Biyahero
      • Travel Features
      • Travel Reels
      • Travel Logs
  • Advertise with Us
No Result
View All Result
manilastandard.net
No Result
View All Result
Home Business

TransCo owes P4b to renewable plants

Alena Mae S. FloresbyAlena Mae S. Flores
February 6, 2017, 8:55 pm
in Business
Reading Time: 2 mins read
A A
Share on FacebookShare on TwitterShare on Email

The total unpaid obligations of National Transmission Corp. to renewable energy developers under the feed-in tariff regime have reached over P4 billion, an official said Monday.

“Yes, we are delayed because the P0.1240 per kilowatt-hour FIT-All (feed-in tariff allowance) is not enough. We are paying dues of about five months ago. More or less P4 billion as of now,” TransCo feed in tariff team head Dina Dizon.

TransCo president Melvin Matibag said the company did not obtain approval of the Energy Regulatory Commission on the feed-in tariff allowance, or the per kilowatt-hour rate charged to consumers for using renewable energy sopurces.

“No FIT yet but yes we have a backlog (on the payment to developers),” Matibag said.

TransCo has a pending new FIT-All petition of P0.2291 per kWh, which should have been effective starting this year.

TransCo is currently collecting P0.1240 per kWh from consumers under the FIT-Allowance line item in the power bills.  The rate will be increased to P0.2291 per kWh, if approved by the ERC.

The amount totaling totaling P16.488 billion, including under-recoveries in 2016, represents payments to eligible renewable energy developers. 

TransCo also asked the ERC to make the approval of the rate permanent, “or in the alternative, such other amount as may be found by the Commission to be consistent with the FIT-All guidelines and on the basis of new and updated information not heretofore available to the applicant at the time of the present application.”

TransCo primarily relied on the most updated list of renewable energy projects that were projected to be eligible to the feed-in tariff system in 2014 to 2018, as provided by the Energy Department.

TransCo also tapped its own database containing historical information and the available submission of the developers on actual or forecast generation.

The state-owned firm added the department’s list provided the best estimate of the timing of the renewable energy plants but it did not give a preemptive right to the identified projects to be counted under the final feed-in tariff eligible projects, nor did it limit the payment to these projects.

The company limited the determination of the 2017 FIT-All rate to include eligible capacities up to the installation targets set by the department, namely 500 megawatts for solar, 400 MW for wind, 250 MW for hydro and 250 MW for biomass.

Tags: feed-in tariffFeed-In-Tariff AllowanceFIT-AllNational Transmission Corp.renewable energy
ADVERTISEMENT
Alena Mae S. Flores

Alena Mae S. Flores

Related Posts

Romero couple sells 60% stake in AirAsia Philippines

byAlena Mae S. Flores
June 5, 2023, 8:00 pm
0
8
AirAsia PH announces more flights in 2022

F&S Holdings Inc., owned by businessman and 1-PACMAN Party-list Rep. Mikee Romero and his wife Sheila, sold its majority 60-percent...

Read more

Fernandes wants to form new ride hailing app in PH

byDarwin G. Amojelar
June 5, 2023, 7:55 pm
0
8
Fernandes wants to form new ride hailing app in PH

Capital A, formerly known as the AirAsia Group, said Monday said it plans to launch a ride hailing platform in...

Read more

Over 400 PH businesses accept Bitcoin payments

byManila Standard Business
June 5, 2023, 7:50 pm
0
8
Amazon eyes cryptocurrency but not poised for Bitcoin

A payment financial technology provider is transforming the landscape of the Philippine digital economy by enabling more than 400 small...

Read more

PACEOS elects new set of officers for 2023

byManila Standard Business
June 5, 2023, 7:45 pm
0
8
Southwoods nails Seniors’ Fil golf crown

The Philippine Association of Convention/Exhibition Organizers and Suppliers Inc. elected a new set of officers for 2023 during its general...

Read more

Investments in economic zones grew 153% in 5 months

byOthel V. Campos
June 5, 2023, 7:40 pm
0
8
Fall in love with City of Dreams’ seductive gastronomic offerings

Cumulative investments approved by the Philippine Economic Zone Authority grew by 153.74 percent in the first five months to P48...

Read more

Credit card group reports drop in payment delinquency to 3.26%

byJulito G. Rada
June 5, 2023, 7:35 pm
0
8
Southwoods nails Seniors’ Fil golf crown

The Credit Card Association of the Philippines, a group of 17 major credit card issuers, reported a decline in delinquency...

Read more

Print Edition

View More

Recent Posts

  • For Independence Day
  • Defense, DOH chiefs named
  • GSIS, SSS may invest in Maharlika projects—Diokno, Nat’l Treasurer
  • Kuwait getting DHs from Ethiopia with PH shut out
  • Onions go straight to retailers via gov’t contract farming program
  • PH, Australia set 15 defense activities in ‘24
  • Mayon alert raised to Level 2, airmen told to avoid Taal too
  • Gas, kerosene prices go down 60c

Advertisement

Latest News

PH, Australia set 15 defense activities in ‘24

byCharles Dantes
June 6, 2023, 12:40 am
0
8
PH, Australia set 15 defense activities in ‘24

The Philippines and Australia will conduct 15 defense-related activities in 2024, the Philippine Army said Monday. These will include training...

Read more

Mayon alert raised to Level 2, airmen told to avoid Taal too

byCharles Dantesand1 others
June 6, 2023, 12:35 am
0
8
Mayon Volcano alert status raised

The Philippine Institute of Volcanology and Seismology raised the alert level status of Mayon Volcano to Alert Level 2 on...

Read more

Gas, kerosene prices go down 60c

byAlena Mae S. Flores
June 6, 2023, 12:30 am
0
8
Drama on deaf family ‘CODA’ wins top Oscar

The country’s oil firms cut the prices of gasoline and kerosene by P0.60 per liter and diesel by P0.30 per...

Read more

P55m in shabu intercepted at Ninoy airport

byJoel E. Zurbano
June 6, 2023, 12:25 am
0
8
Southwoods nails Seniors’ Fil golf crown

Customs agents intercepted a shipment of shabu worth more than P55 million at the Ninoy Aquino International Airport on Monday....

Read more

Submarine cable woes slow PLDT internet services

byDarwin G. Amojelar
June 6, 2023, 12:20 am
0
8
Southwoods nails Seniors’ Fil golf crown

PLDT Inc. on Monday said some of its customers experienced slower internet connection due to networks problem with one of...

Read more

Advertisement

ADVERTISEMENT
Facebook Twitter Instagram Youtube

ABOUT US

Manila Standard

Manila Standard website (manilastandard.net), launched in August 2002, extends the newspaper’s reach beyond its traditional readers and makes its brand of Philippine news and opinion available to a much wider and geographically diverse readership here and overseas.

Digital Edition

In tone and content, the online edition mirrors the editorial thrust of the newspaper. While hewing to the traditional precepts of fairness and objectivity, MS believes the news of the day need not be staid, overly long or dry. Stories are succinct, readable and written in a lively style that has become a hallmark of the newspaper.

Download – Today’s Paper

Search

No Result
View All Result

6th Floor Universal Re Bldg., 106 Paseo De Roxas cor. Perea Street, Legaspi Village, 1226 Makati City Philippines

Trunklines: 832-5554, 832-5556, 832-5558

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

No Result
View All Result
  • About
  • News
    • Top Stories
    • National
    • World News
    • Pinoy Abroad
    • Features
  • Opinion
    • Editorial
    • Columns
    • Soundbytes
  • LGUs
    • NCR
    • Luzon
    • Visayas
    • Mindanao
  • Business
    • Corporate
    • Economy & Trade
    • Stocks
    • Money
    • Agri & Mining
    • Power & Tech
    • IT & Telecom
  • Sports
    • Basketball
    • Volleyball
    • Fightsports
    • Active
    • Sports Plus
    • One Championship
    • Columns
  • Entertainment
    • TV & Movies
    • Celebrity Profiles
    • Music & Concerts
    • Digital Media
    • Columns
  • Lifestyle
    • Food
    • Culture & Media
    • Fashion
    • Health and Home
    • Leisure
    • Shopping
    • Columns
  • Pop.Life
    • Newsmakers
    • Hangouts
    • A-Pop
    • Post Its
    • Performances
    • Malls & Bazaars
    • Hobbies & Collections
  • Technology
    • Gadgets
    • Computers
    • Business
    • Tech Plus
  • MS ON THE ROAD
    • Sedan
    • SUV
    • Truck
    • Bike
    • Accessories
    • Motoring Plus
    • Commuter’s Corner
  • Home & Design
    • Residential
    • Commercial
    • Construction
    • Interior
  • Spotlight
  • Gallery
    • Photos
    • Videos
  • Events
    • Seminars
    • Exhibits
    • Community
  • Biyahero
    • Travel Features
    • Travel Reels
    • Travel Logs
  • Pets
  • Advertise with Us

© 2021 Manila Standard - Designed and Developed by Neitiviti Studios.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Install Manila Standard Web App

Install App