ERC allows NGCP to recover P28.29 billion from consumers  - BusinessWorld Online

NGCP allowed to collect P28.29B

(UPDATE) ELECTRICITY rates are expected to increase again as the Energy Regulatory Commission (ERC) announced on Tuesday that it has allowed the National Grid Corp. of the Philippines (NGCP) to collect an additional P28.29 billion from consumers. This move was made after the completion of the ERC's deliberations regarding the 4th Regulatory Period Rate Reset of the NGCP, covering the years 2016 to 2022. During its regular commission meeting held…

ERC allows NGCP to recover P28.29 billion from consumers  - BusinessWorld Online

By Sheldeen Joy Talavera, Reporter   Transmission charges are expected to increase as the Energy Regulatory Commission (ERC) authorized the National Grid Corp. of the Philippines (NGCP) to collect P28.29 billion in under-recoveries from consumers.  The ERC said in a statement that it has completed NGCP’s fourth regulatory period (4th RP) rate reset spanning 2016 to 2022 following its commission meetings.  In a decision by the majority composed o…