In a statement, the ERC said it rejected the omnibus motion filed by NGCP, which operates the country’s transmission backbone, seeking the deferral of the rate setting process until further public consultations have been conducted. /PDI
In rejecting the motion, the ERC pointed out the rate setting exercise commenced in 2014 upon NGCP’s initiative with corresponding public consultations that resumed in 2018.“The evaluation of NGCP’s actual expenditure for the fourth regulatory period, therefore, as provided in Article IV, is necessary and an integral part of the rolled-forward approach as extensively discussed in the draft resolution on the issues paper,” it said.
The ERC has given NGCP a nonextendable period of 15 calendar days from the receipt of the order to file its reset application for the fourth regulatory period.It also said NGCP is “not precluded from preparing and filing its application before the commission on the basis of its understanding” of the revised rules and such application “shall then be subjected to another round of ventilation and due process once the commission holds public hearings thereon.
In September this year, the agency promulgated the amended rules on setting transmission rates which triggers the reset process of NGCP. This covers the fifth regulatory period for years 2023 to 2027 and the succeeding regulatory periods and the review of the fourth regulatory period from 2016 to 2022.
The last time the ERC undertook this procedure was for the regulatory period covering the years 2011 to 2015. NGCP was directed to lodge its application no later than Oct. 28.
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