Transco sees lower FIT-All rate next year

By Alena Mae S. Flores – November 30, 2020 at 07:25 pm
from manilastandard.net

State-run National Transmission Corp. applied for a lower feed-in-tariff allowance rate for 2021.

“TransCo respectfully moves for the immediate issuance of a provisional authority…to timely implement the FIT-All rate of P0.1881 per kWh where the FNS (forecast national sales) was computed based on the FIT-All guidelines, TransCo said in a filing with the Energy Regulatory Commission.

“Or alternatively, the FIT-All rate of P0.2008 per kWh where the FNS is based on COVID-19 scenario, effective January 2021,” it added.

FNS refers to an estimated total kilowatt-hour of electricity billed to consumers who are supplied with electricity in on-grid areas for a given year.

State-run National Transmission Corp. applied for a lower feed-in-tariff allowance rate for 2021.

“TransCo respectfully moves for the immediate issuance of a provisional authority…to timely implement the FIT-All rate of P0.1881 per kWh where the FNS (forecast national sales) was computed based on the FIT-All guidelines, TransCo said in a filing with the Energy Regulatory Commission.

“Or alternatively, the FIT-All rate of P0.2008 per kWh where the FNS is based on COVID-19 scenario, effective January 2021,” it added.

FNS refers to an estimated total kilowatt-hour of electricity billed to consumers who are supplied with electricity in on-grid areas for a given year.

“TransCo is aware that with the present COVID-19 pandemic, it is likely that the total national electricity consumption will go down,” the company said.

TransCo said national electricity sales were expected to go down by 5 percent in 2020, but the economy would likely recover by 2021.