Manila Standard Today
by Alena Mae S. Flores
The Energy Regulatory Commission approved a maximum allowable revenues of P40.35 billion to transmission operator National Grid Corporation of the Philippines for 2012, lower than the P44.89 billion approved for 2011.
The ERC also approved a performance incentive scheme reward to National Grid amounting to P503 million to be implemented effective its January 2011 billing cycle.
“The PIS rewards or penalizes NGCP to the extent that the actual level of performance for the grid for the regulatory year exceeds or falls below the target level of performance,” the ERC said.
ERC assured that despite the PIS reward, the net impact on the rates of National Grid’s maximum allowable revenue still results in a reduction in rates.
(Published in the Manila Standard Today newspaper on January 27, 2012.)
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