Danessa Rivera (The Philippine Star)
- August 5, 2019 - 12:00am
MANILA, Philippines — The National
Grid Corp. of the Philippines (NGCP) is seeking clearance to recover over P10
million from electricity end-users in Luzon to cover repairs of transmission
facilities damaged by Typhoon Josie last year.
NGCP has filed an application with
the Energy Regulatory Commission (ERC) to declare the flood due to Tropical Depression
Josie in July last year as a force majeure event (FME).
The power regulator is seeking the
collection of force majeure (FM) pass-through costs from customers in Luzon.
The grid operator said during the
onslaught of Tropical Depression Josie, Olongapo experienced flash floods which
damaged its Olongapo substation.
The floods caused the substation’s
perimeter wall to collapse, the switchyard to be covered in mud and debris, and
transformers and spare equipment submerged in water.
“NGCP was forced to shut down
Olongapo substation due to the continuous rising of flood water inside the
substation control room and switchyard and to prevent further damage to
affected assets and facilities and electrocution of personnel,” it said.
Immediately after the typhoon hit,
NGCP started the repair, restoration and rehabilitation of the damaged
transmission asset to restore transmission services to customers, incurring
P10.62 million in capital expenditure and operating expenditures.
Meanwhile, the recoverable value or
the net fixed asset value (NFAV) of the assets destroyed by the tropical
depression is equivalent to P20 million.
NGCP is seeking approval to recover
a total of P10.65 million from Luzon customers from October 2019 to December
2020, or until the amount is fully recovered.
The grid operator is looking to
charge an additional P0.13 per kilowatt (kw) a month in 2019, P0.01 per kw a
month in 2020. In terms of per kilowatt-hour, this is equivalent to P0.00026
per kwh in 2019, and P0.00002 per kwh in 2020.
NGGP said it needs to immediately
recover the actual expenses incurred for the repair, restoration and
rehabilitation of the damaged transmission assets and other related facilities
to allow the continuous provision of transmission service to the grid customers.
Under the rules for the setting of
transmission wheeling rates, NGCP is allowed to recover the cost it incurred
for the repair, restoration and rehabilitation of its transmission assets and
other related facilities damaged by the FMEs including typhoons.
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