By:
Ronnel W. Domingo - 04:44 AM July 11, 2020
The Energy Regulatory
Commission (ERC) said National Grid Corp. of the Philippines (NGCP) had
unilaterally deferred the implementation of an interim scheme that would raise
its maximum allowable revenue (MAR) to P47.1 billion in 2020 from P43 billion
in 2019.
At a hearing conducted
by the Senate committee on energy earlier this week, ERC Chair Agnes Devanadera
said NGCP was doing this on its own even if the regulator had approved the grid
operator’s application for the approval of its iMAR.
Devanadera said the ERC
en banc had approved on Feb. 13 NGCP’s application for the increase in iMAR.
According to the ERC,
the 2020 iMAR application of NGCP was filed in October 2019, and that the
February 2020 decision was not supposed to reflect an increase in the
transmission charge.
NGCP’s iMAR is subject
to ERC’s approval for every five-year regulatory period. However,
administrative concerns faced by the ERC in 2015 and 2016—including constraints
in the engagement of regulatory experts—resulted in the delay of the reset
process for NGCP’s regulatory timeline. This, in turn, caused both ERC and NGCP
to resort to interim schemes.
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