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The Energy Regulatory Commission imposed a P3.5 million fine on the National Grid Corporation of the Philippines for failing to meet the schedules in implementing 10 transmission projects.In a statement on Saturday, the ERC explained that, in a decision dated June 25, 2024 and promulgated on August 31, 2024, the NGCP was penalized “for its unjustified delays in the implementation of 10 CAPEX projects.
The regulator said that delays in implementing any CAPEX project seriously affected the grid's reliability and the transmission system's ability to absorb new power capacities, ultimately affecting public interest."It must be emphasized that this is not an issue of whether or not these CAPEX projects have a rate impact on the consumers because any delay and unrealized CAPEX project is prejudicial to the public,” the ERC said in its decision.
Energy Regulatory Commission National Grid Corporation Of The Philippines Electricity Power Transmission Electricity Transmission Projects
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