The Energy Regulatory Commission (ERC) approved a draft final determination indicating a total maximum allowable revenue of P310 billion to transmission operator National Grid Corp. of the Philippines (NGCP) for 2016 to 2022, lower than its P552-billion application.
The ERC said in a statement Friday it issued a call for energy stakeholders and the public to provide comments on the draft final determination for the fourth regulatory period (RP) of NGCP.
“This step takes us to a pivotal point of the reset process for the transmission sector. The Commission has fervently acted on its duty to conduct the long-delayed reset of the rates of our regulated entities. Our mandate requires nothing less from ERC as the sole regulator of the power sector to ensure greater compliance and accountability,” ERC chairperson and chief executive Monalisa Dimalanta said.
The ERC promulgated ERC Resolution No. 08, Series of 2022 or the Amended Rules for Setting of Transmission Wheeling Rates (RTWR) in September 2022.
This set the methodology to be used in setting the maximum transmission wheeling rates that may be charged by the transmission sector, including the methodology for the 4th RP covering the historical period from Jan. 1, 2016 to Dec. 31, 2022, as well as the processes that will govern the subsequent regulatory periods.
The ERC adopted a phased-in approach in its review of the NGCP’s 4th RP To conduct the reset process without further delay, with Phase 1 covering the period of Jan. 1, 2016 to Dec. 31, 2020. Alena Mae S. Flores
This was covered by the draft published on Sept. 13, 2023 of the Partial Initial Determination (PID).
