Published
November 3, 2017, 10:00 PM By
Myrna M. Velasco
Fund administrator
National Transmission Corporation (TransCo) is being urged to refund up to P14
billion worth of two-year subsidy collections for the feed-in-tariff allowance
(FIT-All) charges that had been funneled to renewable energy (RE) projects.
This has been based on
the petition lodged by advocacy group Laban Konsyumer, Inc. (LKI) of former
Trade and Industry Undersecretary Victorio Mario Dimagiba, which similarly
sought the rollback of the FIT-All rate to P0.1025 per kilowatt-hour (kWh) from
the current rate of P0.1830 per kWh.
The refund amount, as
petitioned for, according to Dimagiba would amount to P0,0805 per kWh and shall
be retroactive to January 2016.
On their rough
calculation, that will sum up to P7.245 billion annually or already inching
close to P14 billion to-date; on estimated volume sales of 90 billion kWh
yearly. Nevertheless, that figure has to be revalidated by TransCo.
TransCo President
Melvin A. Matibag noted that the company would still need to calculate the
impact of that FIT-All refund petition, while qualifying that it was the
correction introduced in their rate application that had been questioned on
supposed lack of republication.
“We complied with all
publication requirements for 2016 and 2017 applications. The issue of Atty.
Dimagiba in the 2017 application is the correction we wanted to introduce via
amendment of the joint application during the hearing proper,” he explained.
Essentially, LKI’s bid
is to rollback the FIT-All collection in the electric bills of consumers to
P0.1025 per kWh from the level it has been adjusted to at P0.1830 per kWh in
2016.
“Petitioner
respectfully prays that the Commission render null and void its decision in the
instant application and revert the FIT Allowance of TransCo for 2016 in the
amount of P0.1025 per kWh instead of the approved P0.1830 per kWh,” the group
has stipulated.
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