ERC finalizes grid operator’s rate reset, higher charges loom

The Energy Regulatory Commission (ERC) said Monday it issued its final ruling on the Fourth Regulatory Period (RP) rate reset for the National Grid

The Energy Regulatory Commission said Monday it issued its final ruling on the Fourth Regulatory Period rate reset for the National Grid Corporation of the Philippines .

The decision used an “as spent” approach and adopted a weighted average cost of capital of 11.33 percent. With NGCP’s interim MAR collections at P307 billion, a cost under-recovery of about P28.29 billion will lead to an increase in transmission charges. The ERC said this amount covers a P0.0629 per kWh average increase in the basic transmission charge and an additional P0.0384 per kWh for the under-recovered portion of the increased MAR.

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