• ERC grants Transco extension of FIT filing

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    The Energy Regulatory Commission (ERC) granted the request of the National Transmission Corporation (Transco) for a thirty-day extension to file its 2017 Feed-in-Tariff Allowance (FIT-All) rate application from October 31 until December 1.

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    The FIT-All is a uniform charge billed to all on-grid electricity consumers who are supplied with electricity sourced from qualified renewable energy generators.

    “With the sufficient leeway granted to Transco, ERC expects it to complete all the requirements for filing its 2017 FIT-All rate application on or before December 1, 2016. The FIT-All mechanism is a vital component for the development of the renewable energy industry of the country,” ERC Chairman and CEO Jose Vicente B. Salazar stated.

    Transco’s request for an extension was contained in a letter to the ERC dated October 12, asking for extra time to enable it to secure the required Board approval and complete all the requirements for filing the 2017 FIT-All rate application.

    Transco earlier requested a three-month extension in July, as it was then waiting for its Board to be convened and the ERC’s final decision on the 2016 FIT-All rate application under ERC Case No. 2015-216 RC.

    Transco filed its 2017 FIT-All rate application before October 31, but the ERC still found it insufficient, causing Transco to file for a second extension.

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