PSALM, Napocor seek more hikes

by Alvin Elchico, ABS-CBN News

Posted at Feb 04 2014 04:30 PM | Updated as of Feb 05 2014 12:30 AM

MANILA, Philippines - Aside from the almost P10 per kilowatt hour deferred increase in generation charge temporarily halted by a Supreme Court TRO, consumers may also face additional charges.

The Power Sector Assets and Liabilities Management Corp. (PSALM) and National Power Corp. (Napocor) have filed separate petitions with the Energy Regulatory Commission to raise its rates.

The ERC said PSALM wants consumers to cover its stranded debts amounting to P41 billion or an equivalent increase of P0.038 per kwh in 12 and a half years.

It also asked the ERC to approve another P0.127 per kwh to cover stranded contract costs, that will be charged to consumers for 2 years.

Meanwhile, Napocor also wants an increase of P0.07 per kwh to cover its universal charge missionary electrification (UCME) on top of the approved P0.04 per kwh spike earlier approved increase in UCME last year.

Napocor asked the ERC to defer the implementation of the spike of 4 centavos to June 2014 that will raise the UCME to P0.15 per kwh from the current P0.11 per kwh.

The National Grid Corp. of the Philippines has also notified the ERC that it will file a petition to recover costs brought about by the damage caused by recent typhoons.

It still does not include expenses incurred by NGCP to rehabilitate damaged lines due to super typhoon Yolanda.

But ERC Executive Director Atty Francis Juan said consumers can participate during the hearing to air their opposition to the additional charges.