Higher transmission charge benefited gencos—NGCP

Quick Summary:

The National Grid Corporation of the Philippines (NGCP) on Thursday said it does not earn from the upward adjustment in transmission charge this month as the ancillary services (AS), which is a component of transmission charge, is a pass-through cost that benefited the power generation companies (gencos).

Transmission charge is made up of AS and wheeling rates.

In compliance with directives from the Department of Energy and ERC, NGCP contracts 50 percent of its AS requirement from firm agreements and 50 percent from the AS Reserve Market,” the company said.

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Article Details

Author / Journalist: Lenie Lectura

Category: BusinessStartups

Markets: Philippines

Topics: Reserve Rates Transmission Market Cost Wheeling 2024 Charge Power August Percent

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-12 @ 16:02:00 (23 hours ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 500 words

Reading Time: 3 minutes read

Sentences: 19 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 22478004

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Main Topics: BusinessStartups

Official Website: businessmirror.com.ph

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Year Established: 2005

Headquarters: Philippines

News Last Updated: 15 hours ago

Coverage Areas: Philippines

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