July 6, 2016
from Business Mirror
THE Energy Regulatory Commission (ERC) has moved to institutionalize an existing policy in the computation of power-generation charges.
ERC Resolution 16, Series of 2016, resolved to adopt the monthly computation of generation rates under Article 2, Section 2 of the Consolidated Rules and in the confirmation of the over- or underrecoveries of generation costs under Article 4, Section 2 of the same rules.
“Now, therefore, the ERC hereby resolves to adopt the policy as stated in the letter-reply to NPC [National Power Corp.] dated October 2008,” stated the ERC resolution.
It said that “all the gains that the DUs obtain from selling to the WESM [Wholesale Electricity Spot Market], as well as the excess kilowatt-hour sold back to the WESM, shall be reflected as deduction from the WESM generation cost and kWh purchased.”