By
Lenie Lectura - January 31, 2017
THE
National Power Corp. (NPC) is seeking regulatory approval to recover P1.11
billion by collecting P0.0134 per kilowatt-hour (kWh) for a year from
electricity end-consumers.
The amount represents a
collection shortfall in the Universal Charge Missionary Electrification (UCME)
for 2015.
“The amount proposed
for recovery is already an incurred cost of NPC, and within the reasonable cost
of servicing the consumers in the missionary areas considering the nature of
operation and the level of demand in the off-grid areas,” the NPC said in its
11-page application dated January 12. The application was posted on the web
site of the Energy Regulatory Commission (ERC) on Tuesday.
NPC is
the implementing agency for missionary electrification
function,
and shall be funded from the revenue from sales in missionary areas and from
the UC to be collected from all electricity end-users.
“The
total shortfall that NPC proposes to recover from the UCME is equivalent to
P1,111,902,576.28. It has an equivalent proposed monthly rate of P0.0134/kWh
based on the 12-month recovery period,” said the state firm in its application.
If
approved, the proposed rates are to be collected over and above existing UCME
rates.
“The
recovery of shortfall within one year would be reasonable and timely in order
for NPC to augment its financial requirements and to provide up-to-date
recovery and adjustment of the ensuing years’ subsidy requirements,” it added.
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