Power Transmission Rates Increase for July Billing Period – NGCP
Manila: The transmission rate of the National Grid Corp. of the Philippines (NGCP) has increased for the July billing period as the company implements the Energy Regulatory Commission’s (ERC) decision concerning under-recoveries and its maximum allowable revenue. According to Philippines News Agency, the transmission rate for July stands at PHP0.5923 per kilowatt hour (kWh), up from PHP0.4611 per kWh in June. This increase is part of the regulatory adjustments mandated by the ERC. However, it is essential to consider the ancillary services rates, which have decreased to PHP0.5872/kWh in July from PHP0.6182/kWh in June. As a result, the overall average