TransCo seeks permit to install meters for wholesale spot mart
The Philippine Star
05/23/2006
National Transmission Corp. (TransCo) has appealed to the Energy Regulatory Commission (ERC) to approve its application for a certificate of authority as a metering services provider for the country’s wholesale electricity spot market (WESM).
"We need to install meters in both the generation and distribution sides to successfully operationalize retail competition, and this takes time. We appeal to ERC to approve our request submitted in January 2005," TransCo president Alan T. Ortiz said.
Ortiz has underscored the central role ERC plays in open access and retail competition.
"ERC is the fulcrum, the holder of the balance, the facilitator of the entire energy industry restructuring. At this point, the success or failure of retail competition rests entirely on the ERC."
Ortiz also noted the need for the final determination of TransCo’s maximum allowable revenue (MAR) to be investor-friendly and conform to the requirements of the global investing community.
"We hope the final determination of our MAR will be investor-friendly because if not, we will go back to square one, with government operating the transmission assets and incurring more debts for new transmission projects needed to cope with ever-rising power demand," Ortiz said.
Earlier, heads of government energy agencies commended ERC’s initiative to speed up the opening of the electricity spot market even as they stressed that retail competition is a critical ingredient in achieving the goal of EPIRA of providing reliable, affordable electricity.
During the public consultation on the proposed timeline for full retail competition, Energy undersecretary Melinda Ocampo lauded ERC for taking the lead in ensuring the successful restructuring of the energy industry.
Philippine Electricity Market Corp. (PEMC) president Lasse Holopainen, for his part, said PEMC is currently undertaking aggressive measures to promote the full participation of electric cooperatives in an open access regime.
"We are well on our way, so we hope that tariff and regulatory issues raised by the coops will be addressed fully by the ERC," Holopainen said.
Holopainen said he supports TransCo’s appeal to hasten the approval of Transco’s sub-transmission divestment contracts with electric distributors as this will empower the latter with the financial muscle to provide more efficient and reliable service to end-consumers.
National Power Corp. (Napocor) president Cyril del Callar, meanwhile, underscored the need for a complete Ancillary Service Procurement Plan (ASPP).
"This will encourage the signing of more bilateral contracts between generators and distributors, which will in turn promote our common goal to reflect the true cost of electricity," Del Callar said.
05/23/2006
National Transmission Corp. (TransCo) has appealed to the Energy Regulatory Commission (ERC) to approve its application for a certificate of authority as a metering services provider for the country’s wholesale electricity spot market (WESM).
"We need to install meters in both the generation and distribution sides to successfully operationalize retail competition, and this takes time. We appeal to ERC to approve our request submitted in January 2005," TransCo president Alan T. Ortiz said.
Ortiz has underscored the central role ERC plays in open access and retail competition.
"ERC is the fulcrum, the holder of the balance, the facilitator of the entire energy industry restructuring. At this point, the success or failure of retail competition rests entirely on the ERC."
Ortiz also noted the need for the final determination of TransCo’s maximum allowable revenue (MAR) to be investor-friendly and conform to the requirements of the global investing community.
"We hope the final determination of our MAR will be investor-friendly because if not, we will go back to square one, with government operating the transmission assets and incurring more debts for new transmission projects needed to cope with ever-rising power demand," Ortiz said.
Earlier, heads of government energy agencies commended ERC’s initiative to speed up the opening of the electricity spot market even as they stressed that retail competition is a critical ingredient in achieving the goal of EPIRA of providing reliable, affordable electricity.
During the public consultation on the proposed timeline for full retail competition, Energy undersecretary Melinda Ocampo lauded ERC for taking the lead in ensuring the successful restructuring of the energy industry.
Philippine Electricity Market Corp. (PEMC) president Lasse Holopainen, for his part, said PEMC is currently undertaking aggressive measures to promote the full participation of electric cooperatives in an open access regime.
"We are well on our way, so we hope that tariff and regulatory issues raised by the coops will be addressed fully by the ERC," Holopainen said.
Holopainen said he supports TransCo’s appeal to hasten the approval of Transco’s sub-transmission divestment contracts with electric distributors as this will empower the latter with the financial muscle to provide more efficient and reliable service to end-consumers.
National Power Corp. (Napocor) president Cyril del Callar, meanwhile, underscored the need for a complete Ancillary Service Procurement Plan (ASPP).
"This will encourage the signing of more bilateral contracts between generators and distributors, which will in turn promote our common goal to reflect the true cost of electricity," Del Callar said.
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