State-owned National Transmission Corp. has asked the Energy Regulatory Commission to extend its 2017 feed-in tariff allowance filing with the Energy Regulatory Commission.
ERC spokesman Rexie Digal said TransCo made a second request for extension to file the FIT-Allowance, the uniform charge in the power bills used to pay renewable energy developers.
Digal said TransCo was supposed to file every July and sought an extension to October 31. It asked for another one-month extension.
“The second request is for one-month extension from October 31 which the ERC has not replied to,” Digal said.
TransCo plans to include P4 billion worth of under-recovery from consumers as part of its feed-in tariff allowance application for 2017.
Dina Dizon, who heads TransCo’s feed-in tariff team earlier said the P4 billion will be used to pay renewable energy developers that were granted by ERC feed-in tariff, an incentive that guarantees a fixed rate to renewable energy technologies over a 20-year period.
TransCo manages the feed-in tariff allowance fund (Fit-All) that is used to pay qualified renewable energy developers.
The official conceded that TransCo had been delayed in its payment to developers by about five to six months.
“We can file that in the 2017 rate as part of the under-recovery for 2016... Our 2016 rate application allows updating of data,” Dizon said.
She said the previously approved rate of P0.1240 per kilowatt-hour was not enough to pay all the developers.
She said the actual amount to be filed would depend on the TransCo board.