The NGCP will appeal a P5.1-million fine imposed by the ERC over its alleged failure to procure adequate reserve power, the NGCP’s 40.2% shareholder Synergy Grid and Development Philippines, Inc. told the exchange.
ile a motion for reconsideration within the period prescribed by the ERC. The NGCP is the sole operating asset of Synergy.
Reserve power is engaged through so-called “ancillary services” contracts agreed with standby providers, who will start feeding power onto the grid when the levels of baseload power decline below recognized margins of safety.inding” by the regulator, which could come at a cost for consumers. It also alleged that “certain players in the industry,” which it did not identify, are conducting an “orchestrated campaign” against the grid operator.
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