Napocor seeks hike in universal charge
MANILA, Philippines - As if the recent spike in electricity rates is not enough, consumers will have to brace for more power rate upticks in the near future.
The National Power Corporation (NPC) seeks to increase the universal charge for missionary electrification to augment its budget in delivering electricity to far-flung areas outside the grid.
For 2012, Napocor wants P12 billion or an increase of P0.31/kwh.
For 2013, Napocor seeks P15 billion or P0.22/kwh.
For 2014, it wants P22billion or P0.32/kwh.
For 2015, Napocor seeks P22 billion or P0.33/kwh hike.
For 2016, Napocor wants P15 billion or an adjustment of P0.22/kwh.
Energy Regulatory Commission (ERC) Executive Director Francis Juan says all consumers share the burden of bringing electricity to islands not connected to the power grid.
According to Juan, the commission can choose to ignore petitions to increase rates but this would mean projects will not push through and its service to customers may be affected.
Meanwhile, Bayan Muna Rep. Teddy Casiño will initiate a congressional probe into the rate-setting process of the ERC regarding petitions filed by different utilities and coops to raise electricity rates.
Casiño was in Iloilo and Bacolod where consumers are reeling from increases in generation and distribution rates.
Meralco, on the other hand, will implement this July its P0.03/kwh approved increase in distribution charge.
This will be on top of the expected hike in the generation charge for July which will be announced on Friday.