State-owned National Power Corp. filed a petition to recover from consumers nearly P2 billion worth of deferred fuel and purchased power and foreign exchange costs incurred in the delivery of power to missionary or far-flung areas.
Napocor, in a petition filed with the Energy Regulatory Commission, sought to collect from consumers P1.892 billion for a period of two years to recover fuel and purchased power costs incurred from January to June 2014.
Napocor asked the regulator to approve the imposition of P2.0627 per kilowatt-hour for small power utilities group in Luzon, P2.3236 per kWh in the Visayas and P1.4584 per kWh in Mindanao.
Napocor is responsible for delivering power to areas not connected to transmission system, which is also known as SPUG or missionary areas.
Napocor also incurs additional operating costs as a result of the fluctuation of fuel prices and currency adjustments used in power generation.
Napocor is allowed to recover these costs under the generation rate adjustment mechanism and the incremental currency exchange rate adjustment, subject to evaluation and approval by the ERC.
The state-run firm, meanwhile, sought approval to recover P8.774 million for the deferred accounting adjustments for foreign exchange fluctuations amounting to P0.0178 per kWh for Napocor-SPUG areas.
Napocor is eyeing renewable energy hybrid systems in its missionary electrification program to lower the subsidy rates of the 290 SPUG power plants across the country.
