NGCP rate reset plea junked by regulators

By Eireene Jairee Gomez

Dec 10, 2022 12:22 am

National Grid Corporation of the Philippines's (NGCP) bid to defer a rate reset has been rejected by the Energy Regulatory Commission (ERC).

In a statement on Friday, the ERC said public consultations would have to be staged and that the NGCP — responsible for running the country's power grid — would also have to explain its interpretation of recently-issued rate-resetting rules.

Already have an active account? Log in here to continue reading.
Or
Subscribe to the Premium Subscription plan to access this subscriber-exclusive article.

Related Articles

DTI inks deal with retailers, suppliers

Wall Street drafts Trump wish lists

Global food prices hit 18-month high – FAO

BSP cited for Coin Deposit Machines

China consumer prices rise slowly in October

EU leaders vow 'urgent' economic overhaul

Panama Canal transit could increase, says chief