FILINGS & APPROVAL
4th GRAM Application
4th ICERA Application
SAGR Rates Approved by the ERC & Existing Rates (in P/kWH)
Per ERC orders, the approved 2nd Generation Rate Adjustment Mechanism (2ndGRAM) and the approved 2nd Incremental Currency Exchange Rate Adjustment (2ndICERA) shall be charged to the Universal Charge (UC).This is about P 863.35 Million and 1.062 Billion respectively. As of to date, only P 198.39 Million of the said amount was charged to UC due to non-availability of funds. The GRAM and ICERA were adopted by the Energy Regulatory Commission (ERC) in February 2003 to allow for the deferred recovery of costs due to fluctuations in fuel prices and foreign exchange rates.
The operation of SPUG, particularly in the island grids, is still being pursued despite the tremendous subsidies it incurs totaling P3.2 billion in 2004 in fulfillment of the governments commitment to the total electrification of the country.
| 14 First Wave Area | SAGR/Effective Rate |
|
Luzon Catanduanes, Marinduque, OccidentalMindoro, Oriental Mindoro, Palawan, Romblon, Tablas |
5.6404 |
| Masbate | 5.1167 |
|
Visayas Bantayan, Camotes, Siquijor |
6.2553 |
|
Mindanao Basilan, Tawi-Tawi, Sulu |
5.1167 |
| 60 Remaining Areas |
Existing Rates (Exc. Adjustments) |
| Other Luzon | 3.7064 |
| Other Visayas | 5.6404 |
| Other Mindanao | 4.8024 |
