National Transmission Corp. filed a petition with the Energy Regulatory Commission to collect P0.2780 per kilowatt-hour from consumers by 2019 under the feed-in tariff allowance, lower than its pending application of P0.2932 per kWh for 2018 but higher than the current approved rate of P0.2563 per kWh.
TransCo asked ERC to allow it “to timely implement the FIT-All rate of P0.2780 per kWh effective January 2019 without prejudice to the final and actual rate pending the final disposition of its present application.”
TransCo manages the FIT-All rate that is used to pay the eligible renewable energy developers under the FIT system, an incentive scheme that, among others, gives priority to connections to grid, priority purchase and transmission of, and payment for, generated and fixed tariff for not less than 12 years to be determined by the ERC.
“The grant of a provisional authority will allow TransCo to perform its duties to make a timely payment of the FIT rate to RE developers to which they are entitled, thereby allowing their continued operations.
