By Danessa Rivera (The
Philippine Star) | Updated June 30, 2016 - 12:00am
MANILA, Philippines – The National
Power Corp. (Napocor) is seeking to recover around P1.65 billion in fuel costs
incurred in the delivery of power in off-grid areas during the second half of
2014.
In a filing with the Energy
Regulatory Commission (ERC), the state-run firm is asking the power regulator
to grant its application for its 14th generation rate adjustment mechanism
(GRAM).
Napocor performs its missionary
electrification function through the Small Power Utilities Group (SPUG), which
incurs additional operating costs as a result of the fluctuation of fuel prices
used in power generation.
GRAM seeks to recover deferred fuel
costs incurred in providing power in missionary areas, which is allowed under
Republic Act (RA) 9136 or the Electric Power Industry Reform Act (EPIRA) of
2001.
Napocor has proposed a GRAM deferred
accounting adjustment (DAA) amounting to P1.65 billion, covering the period
July to December 2014, recoverable for a period of two years.
This would translate to proposed
charges of P1.5594 per kilowatt-hour in Luzon, P2.017 per kWh for those in the
Visayas and P1.2921 per kwh for those in Mindanao.
These will be charged directly to
customers in Napocor-SPUG areas.
Napocor said the GRAM proposal is
aimed “to mitigate the impact to customers in the missionary areas.”
“The proposed 14th GRAM DAA is
fair and reasonable as it is computed in line with the GRAM rules and
consistent with the principles of free and competitive electricity market as
provided under RA 9136,” Napocor said.
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