Invest Daily Pro
  • Economy
  • Investing
No Result
View All Result
  • Economy
  • Investing
No Result
View All Result
Invest Daily Pro
No Result
View All Result
Home Top News

ERC on track to complete rate reset for grid operator

by
October 9, 2024
in Top News
0
ERC on track to complete rate reset for grid operator
0
SHARES
6
VIEWS
Share on FacebookShare on Twitter

THE Energy Regulatory Commission (ERC) said it is on track to complete the rate reset process for the National Grid Corp. of the Philippines (NGCP).

At a Senate budget hearing on Wednesday, ERC Commissioner Catherine P. Maceda said the commission is preparing to publish the final draft determination for the NGCP’s fourth regulatory period (RP) within the month.

“We are outlining the draft final determination and hopefully that can be posted within this month,” Ms. Maceda said.

The rate reset process is usually a “forward-looking” exercise that requires the regulated entity to submit forecast expenditures and proposed projects over a five-year regulatory period. The ERC assesses the actual performance of the entity and adjusts rates as needed.

The fourth regulatory period covers the years 2016 to 2022, and includes the lapsed period of two years.

According to the ERC, the 4th RP is “unique because it covers a past period, thus requiring evaluation of historical data on NGCP’s expenditures and performance.”

In November, the ERC capped the revenue that the NGCP is allowed to generate at P36.7 billion a year, well below the annual average of P77.56 billion it applied for Phase 1, based on the commission’s partial initial determination.

The draft final determination will be posted to allow for public comment, Ms. Maceda said.

“The commission will review (the public comment) before deciding on the final determination,” she said. — Sheldeen Joy Talavera

ShareTweetPin

Related Posts

Have a taste of the perfect day in paradise with SULÀ Spirits
Top News

Have a taste of the perfect day in paradise with SULÀ Spirits

January 8, 2025
First months of 2025 likely rainy amid La Niña conditions, says PAGASA
Top News

First months of 2025 likely rainy amid La Niña conditions, says PAGASA

January 8, 2025
December inflation rises to 2.9%
Top News

December inflation rises to 2.9%

January 7, 2025
Outstanding debt hits fresh high of P16.09T
Top News

Outstanding debt hits fresh high of P16.09T

January 7, 2025
Outstanding debt hits fresh high of P16.09T
Top News

Outstanding debt hits fresh high of P16.09T

January 7, 2025
PHL end-December dollar reserves drop to $106.8B
Top News

PHL end-December dollar reserves drop to $106.8B

January 7, 2025
Next Post
ADB Laguna lakeshore loan expected soon

ADB Laguna lakeshore loan expected soon

Recommended

Outstanding debt hits fresh high of P16.09T

Outstanding debt hits fresh high of P16.09T

January 7, 2025
A Guide to Safeguarding Your Business with the Essential Steps for Security and Resilience

A Guide to Safeguarding Your Business with the Essential Steps for Security and Resilience

January 1, 2025
[B-SIDE Podcast] Technology’s healing potential: discussing the promise of medical innovations

[B-SIDE Podcast] Technology’s healing potential: discussing the promise of medical innovations

September 16, 2024
Tung Lok Seafood: Third time’s the charm

Tung Lok Seafood: Third time’s the charm

October 30, 2024
Porridge Targeted by UK Government Advertising Ban

Porridge Targeted by UK Government Advertising Ban

December 4, 2024
PHL mobile market sees connectivity boost; Smart leads in download speeds — Ookla

PHL mobile market sees connectivity boost; Smart leads in download speeds — Ookla

November 5, 2024

    Stay updated with the latest news, exclusive offers, and special promotions. Sign up now and be the first to know! As a member, you'll receive curated content, insider tips, and invitations to exclusive events. Don't miss out on being part of something special.


    By opting in you agree to receive emails from us and our affiliates. Your information is secure and your privacy is protected.

    • About us
    • Contact us
    • Privacy Policy
    • Terms & Conditions

    Copyright © 2025 InvestDailyPro. All Rights Reserved.

    Disclaimer: InvestDailyPro.com, its managers, its employees, and assigns (collectively InvestDailyPro ) do not make any guarantee or warranty about what is advertised above. Information provided by this website is for research purposes only and should not be considered as personalized financial advice.
    The Company is not affiliated with, nor does it receive compensation from, any specific security. The Company is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. Any investments recommended here should be taken into consideration only after consulting with your investment advisor and after reviewing the prospectus or financial statements of the company.

    No Result
    View All Result
    • About us
    • Contact us
    • Home
    • Privacy Policy
    • Suspicious engagement
    • Terms & Conditions
    • Terms & Conditions
    • Thank you

    Copyright © 2024 investdailypro.com | All Rights Reserved