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NGCP announces higher transmission rate
The National Grid Corporation of the Philippines (NGCP) announced an increase in power transmission rates for August, which will be reflected in consumer bills this September, with an overall average rate jump of 7.09 percent.
This rate hike is primarily attributed to a rise in ancillary services (AS) costs from the reserve market, which increased to P0.6659 per kilowatt-hour (kWh) in August from P0.5872 per kWh in July.
The NGCP clarified that it does not profit from ancillary charges, as its revenue comes solely from transmission wheeling rates.
The transmission wheeling rates themselves saw a minimal increase, moving from P0.5923 per kWh in July to P0.5970 per kWh in August.
NGCP explained that reserve market costs climbed due to higher spot quantities and rising prices, with oil-based power plants contributing to the adjustment.
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