(The Philippine Star) | Updated June 3, 2017 - 12:00am
MANILA, Philippines -
The National Power Corp. (Napocor) is seeking to recover over P13 billion from
consumers next year to cover for subsidies used in providing power in off-grid
areas.
In a filing with the
Energy Regulatory Commission (ERC), the state-run firm is seeking a provisional
authority for the proposed universal charge for missionary electrification
(UCME) amounting to P13.3 billion for 2018.
This will bear an
equivalent rate of P0.153 per kilowatt-hour (kwh), an increase from the
existing basic UCME rate of P0.1163 per kwh.
The proposed amount and
rate will cover the projected fuel costs, operating expenses, demand and cash
incentives for renewable energy developers (RE) in missionary areas next year.
“The proposed basic
UCME rate of P0.153 per kwh inclusive of RE cash incentive for CY 2018 is
necessary in order to cover the required subsidy requirements and at the same
time, maintain a reliable and stable funding source for its operating costs
requirements including a sufficient subsidy for payment to NPPs (new power
producers) / QTPs ((qualified third parties) and RE developers,” Napocor said.
Under the Electric
Power Industry Reform Act (EPIRA) of 2001, UCME is collected from end-users
which will be used for the electrification of remote communities or areas not
connected to the main transmission grid.
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