By Danessa O. Rivera (The Philippine Star) | Updated December 19, 2015 - 12:00am
MANILA, Philippines – The National
Grid Corp. of the Philippines (NGCP) is seeking to recover over a five-year
period nearly P55 million incurred from the repair and rehabilitation of
facilities damaged by two typhoons in December 2014.
The grid operator filed an
application with the Energy Regulatory Commission (ERC) for a provisional
approval for the collection of the force majeure pass-through costs from its
customers in Visayas and Mindanao.
Its transmission assets were
severely damaged during the onslaught of Typhoon Ruby on Dec. 6, 2014 and
Tropical Storm Seniang on Dec. 28 the same year.
Immediately after the devastation of
the typhoons, NGCP said it started the repair, restoration and rehabilitation
of affected assets to prevent power outages.
The grid operator said it spent
P37.81 million for the repair, restoration and rehabilitation of damaged
transmission assets and other related facilities.
Meanwhile, the recoverable value of
the assets destroyed is equivalent to P16.56 million.
In its application with the ERC,
NGCP proposed to recover costs starting January 2016 to December 2020.
For Visayas, it proposed an
additional pass-through cost of P0.76 kilowatt per month in 2016,
P0.59/kw-month in 2017, P0.22/kw-month in 2018, P0.21/kw-month in 2019 and
P0.20/kw-month in 2020.
Meanwhile, Mindanao customers will
be charged an additional P0.30/kw-month in 2016, P0.08/kw-month in 2017,
P0.07/kw-month in 2018 and 2019, andP0.06/kw-month in 2020.
Under the Rules for Setting
Transmission Wheeling Rates (RTWR), NGCP is allowed to recover the cost it
incurred in the repair, restoration, and rehabilitation of its transmission
assets and other related facilities damaged by the force majeure events (FME)
through an FM Pass-Through Amount.
An FME is defined as a “typhoon,
storm, tropical depression, flood, drought, volcanic eruption, earthquake,
tidal wave or landslide.”
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