NGCP explains increase in transmission charges

By Ed Paolo Salting

Sep 13, 2024 12:26 am

THE higher transmission charges that triggered an increase in Manila Electric Co.'s (Meralco) power rates for this month were caused by ancillary service (AS) costs, National Grid Corp. of the Philippines (NGCP) said on Thursday.

'NGCP clarifies that while consumers may notice an increase in transmission charges, this is a result of the resumption of the AS reserve market,' assistant vice president Cynthia Perez-Alabanza said.

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

Economic team sees growth despite politics

Budget balance swings to P6.3B surplus in Oct

US Fed cites reasons to go slow on rate cuts

BSP policy easing boosts local bond market

Farmers seek carabeef ban from India

Seized frozen products to relief ops

Buying local this holiday season