The Energy Regulatory Commission (ERC) has approved the maximum annual revenue of the country’s power transmission monopoly for the next five years. In a decision, the regulator approved the National Grid Corporation of the Philippines’ (NGCP) revenue requirement of P40.47 billion in 2011; P41.65 billion in 2012; P43.37 billion in 2013; P44.39 billion in 2014; and P44.12 billion in 2015 for the third regulatory period 2011 to 2015.
The respective amount would be used by NGCP for operating and capital expenses of the power grid.
As of end-2009, the country’s virtual power highway was made up of 19,425 circuit kilometers of transmission lines and 23,853 megavolt-amperes of substation capacity.
In addition to this, NGCP earlier rolled out plans to put up a number of transmission projects to help ease transmission line constraints in the grid, which has caused unstable supply of electricity and spikes in power rates.
From the fourth quarter of 2010 to the first semester of 2011, NGCP will commence with 11 transmission line and substation projects to allow new power plants to be brought into the grid, to meet growth in demand, and to improve the reliability and N-1 requirements of the Philippine Grid Code.
”N-1″ refers to the capability of the power grid to withstand the loss of a major line without a customer experiencing a power interruption.
Based on the NGCP’s spending forecast for the next five years, the ERC pegged the company’s average transmission rate at P364.75 per kilowatthour per month (kWh/mo) for 2011; P362.43 per kWh/mo in 2012; P360.54 per kWh/mo in 2013; P359.37 per kWh/mo in 2014; and P358.39 per kWh/mo in 2015 to cover its revenue requirements. –EUAN PAULO C. AÑONUEVO REPORTER, Manila Times
September 18 –
International Equal Pay Day
“Increase wages now,
more than other cost items.
For widespread, practical equality!”
Invoke Article 33 of the ILO Constitution
against the military junta in Myanmar
to carry out the recommendations of the 2021 ILO Commission of Inquiry
against serious violations of protocols of
Forced Labour and Freedom of Association.
Accept the National Unity Government (NUG)
of Myanmar. Reject Military!
#WearMask #WashHands
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October –
Monthly Observances:
Industry and Commerce Safety Month
National Statistics Month
Local Government Month
Consumer Welfare Month
Cooperative Month
National Quality and Productivity Improvement Month
National Health and Wellness Tourism Month
National Indigenous Peoples Month
Weekly Observances:
Week 1: Elderly Filipino Week
Week 2: National Health Education Week
Local Government Week
National Mental Health Week
October 17-23:
National Week for Overcoming Extreme Poverty
October 18 – 24:
United Nations Week
Last Week:
Nurses’ Week
Consumers’ Protection Week
Week of the 4th Sunday:
Barrio Farmers’ Week
Daily Observances:
First Monday (Oct 4): Universal Children’s Day i
n the Philippines
Oct 5: National Teachers’ Day
Oct 10: Local Government Day
Third Thursday (Oct 14): Conflict Resolution Day
Oct 21: Tenants’ Emancipation day
Oct 24: United Nations Day
Oct 29: National Indigenous People’s Thanksgiving Day
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