Posted on 08 Oct 2012 at 12:01am
The Energy Regulatory Commission allowed Kepco SPC Power Corp., owner of the 200-megawatt coal plant in Naga, Cebu, to collect additional rates from local electric cooperatives to cover the difference between provisionally approved and the testing and pre-commissioning charges.
The ERC issued various decisions involving Kepco SPC Power’s supply agreements with different cooperatives, namely Central Negros Electric Cooperative, Negros Occidental Electric Cooperative, Negros Oriental Electric Cooperative 1 AND 2, Cebu Electric Cooperative II and VMC Rural Electric Service Cooperative.
The ERC issued the decision as a result of its previous ruling in September 2011 allowing Kepco SPC “to collect the difference between the implemented rate and the final approved rate retroactive from the time it delivered its commissioning power” to the electric cooperatives.
Kepco SPC inaugurated its Naga coal plant in June 2011 but conducted testing and pre-commissioning of delivery of power to the electric cooperatives a few months earlier. Kepco is Korea’s largest power monopoly, supplying 95 percent of the North Asian country’s power needs. SPC Power is jointly owned by Kepco and local investors.
The ERC authorized Kepco SPC to collect from Ceneco the amount of P29.608 million representing the difference between the provisionally approved rate of P1.5905 per kWh and the final approved charges of P2.33 per kWh (testing and commissioning rate) and P2.8729 per kWh (pre-commissioning rates).
The regulator also allowed Ceneco to recover from consumers the amount of P29.608 million at a rate of P0.1368 per kWh, exclusive of VAT, for five months, or until the full is recovered.
It directed Kepco SPC to collect from Noceco the amount of P12.341 million representing the difference of the provisionally approved rate and the final approved charges and allowed the cooperative to recover the same amount from consumers at a rate of P0.1709 per kWh (VAT exclusive) for six months. source
No comments:
Post a Comment