State-owned National Transmission Corp. will seek to recover about 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, said the company would use the amount to pay renewable energy developers that received feed-in tariff from the Energy Regulatory Commission. The tariff is an incentive that guarantees a fixed rate to renewable energy technologies over a 20-year period.
TransCo manages the feed-in tariff allowance fund that is used to pay qualified renewable energy developers.
Dizon conceded that TransCo was 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.