Danessa
Rivera (The Philippine Star) - July 14, 2018 - 12:00am
MANILA, Philippines —
The Power Sector Assets and Liabilities Management Corp. (PSALM) is proposing
to reduce its basic generation charge in Luzon and Mindanao.
However, it is looking
to raise its rate in Visayas following the impact of fuel and purchased power
cost as well as foreign exchange-related cost in the past year.
PSALM has filed with
the Energy Regulatory Commission (ERC) its eighth application for
adjustments of fuel and purchased power costs and foreign exchange-related
costs for 2017.
The state-run firm also
asked the power regulator to approve its proposal to refund P8.6 million to
Luzon customers and P5.03 billion to Mindanao customers.
This is equivalent to a
reduction of P1.1382 per kilowatt-hour (kwh) and P1.1353 per kwh in the basic
generation charge (BGC) to Luzon and Mindanao customers, respectively.
However, PSALM is
seeking to recover P5.5 million from customers in Visayas, equivalent to an
increase of P0.9081 per kwh in the BGC component in electricity bills.
The BGC is an
ERC-approved generation rate imposed by National Power Corp./PSALM for the sale
of electric energy to its customers with transition supply contract (TSC) or
contract for the supply of electric energy (CSEE).
The said amounts are
proposed to be refunded and recovered for a period of one year, once approved
by the ERC.
During the period
covered, PSALM said there were no fuel purchase costs across its assets in the
three power grids since the Malaya Thermal Power Plant (MTPP) in Luzon—its only
remaining fuel-based plant—is designated as a must-run unit in the wholesale
electricity spot market (WESM).
Meanwhile, the
state-run firm purchased power from independent power producers (IPP) to be
able to serve its customers.
In Luzon and Mindanao,
PSALM billed its TSC and CSEE customers more than the actual allowable fuel and
purchased power costs during the period.
But in Visayas, the
amount charged to its customers had a shortfall to cover the actual allowable
fuel and purchased power costs.
As for the foreign
exchange-related costs, PSALM incurred P976,829.41 in Luzon, P148,045.72 in
Visayas, and P45.36 million in Mindanao.
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