ERC publishes approved generation rates per region online

By Alena Mae S. Flores – May 3, 2023, 6:50 pm
from manilastandard.net

The Energy Regulatory Commission said Wednesday energy stakeholders and consumers can now access the latest approved generation rates per region and per technology through its website.

“The move aims to promote transparency in the energy sector and ensures that distribution utilities are aware of the maximum tariff allowed to be collected from consumers in case of emergency power supply agreements,” the ERC said.

It said the rates to be charged in EPSAs would be equivalent to or lower than the latest ERC-approved generation rate for the same or similar technology in comparable areas.

This is pursuant to Section 2.2.2 of the Department of Energy  Department Circular No. DC 2018-02-0003, as amended by DOE Department Circular No. DC 2021-09-0030.

The ERC’s database for generation rates also provides the benchmark for the most recent rates deemed by ERC as reasonable and compliant with the least cost mandate.

“With this, DUs across the country will have sufficient information in contracting their PSAs at the least cost,” the regulator said.

It said the database also informs consumers about the generation rates of the PSAs implemented in their franchise areas as well as the status of the PSA applications pending with the ERC.