NGCP grid plans face ERC scrutiny

The Energy Regulatory Commission (ERC) said that it has yet to finalize its review of projects by the National Grid Corporation of the Philippines (NGCP).

- By GABRIELL CHRISTEL GALANG.

In a statement on Friday, May 23, ERC Chairperson Monalisa Dimalanta clarified that the project costs will need evaluation and approval during NGCP’s regulatory reset process.

“[As] stated in the Commission’s various orders covering these projects, the cost for each approved everal capital expenditure (capex) project is currently consid-ered only for the purpose of computing the permit fee and does not reflect the final cost as approved,” she said.