State-run National Power Corp. asked the Energy Regulatory Commission to allow it to recover P1.248 billion worth of deferred fuel costs equivalent to an average of P1.0838 per kilowatt-hour for off-grid consumers.
NPC, in a filing with the ERC, sought to recover the fuel costs, which it incurred from July to December 2020. NPC said that if approved, charges in Small Power Utilities Group areas in Luzon would go up by P1.1203 per KWh, Visayas by P1.9080 per kWh and Mindanao by P0.9402 per kWh.
“Since these expenses were already incurred in the second semester of 2020, immediate recovery of the needed adjustment would help alleviate the operational funding of applicant NPC,” the company said.
It asked ERC to allow it to impose the generation rate adjustment mechanism directly to consumers in SPUG areas and authorize the continued collection of the GRAM adjustments even with the entry of private sector players in specific SPUG areas.