By Alena Mae S. Flores Posted on Jan. 21, 2013 at 12:01am
he Energy Regulatory Commission approved a P1.6-billion increase in the maximum allowable revenue of National Grid Corp. of the Philippines, although it would not translate into higher transmission charges.
ERC’s approved maximum allowable revenue affects the profitability of National Grid, the country’s power transmission network operator.
The ERC raised the approved maximum revenue of the power grid operator to P44.57 billion this year from last year’s P42.9 billion. It said the increase would not translate into higher charges on consumers.
“The effective MAR for CY 2013 increased by P1.664 billion. However, the rate impact to the customers decreased by approximately P0.00975 [per kilowatt-hour] due to the higher percentage of increase in the billing determinant than the percentage increase in the MAR,” the ERC said.
ERC director Francis Saturnino Juan said even if National Grid’s revenue cap was higher compared with the previous year, the company projected a lower transmission rate due to the expected increase in demand for transmission service.
The ERC-approved rate translates into P0.67475 per kWh this year, lower than last year’s rate of P0.68450 per kWh.
The performance incentive scheme rewards or penalizes National Grid to the extent that the actual level of the performance of the grid for the regulatory year exceeds or falls below the target level of performance. source
No comments:
Post a Comment