“Kaya po interim lang ang pinasa ng commission.'
The Energy Regulatory Commission chief admitted before congressmen on Monday, Dec. 23 the lack of updated rules following the agency’s failure to approve system operator National Grid Corporation of the Philippines' fourth regulatory reset application on time.The Energy Regulatory Commission chief admitted before congressmen on Monday, Dec.
Based on the original timeline, NGCP’s fourth and fifth regulatory reset applications should have covered the years 2016 to 2020 and 2021 to 2025, respectively. “The regulatory reset rules apply for a particular regulatory period. Paglampas po ng regulatory period na iyon, mayroon na talagang vacuum in the law,” Dimalanta said.
“In 2020, NGCP applied for an interim rate. It’s a recognition that there were no valid issued, approved rates from 2016 all the way to 2020, kaya po sila nag-apply ng interim ,” Dimalanta explained. “Kaya po interim lang ang pinasa ng commission because it’s all subject to a full reset,” she explained.
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