[ ERC RESOLUTION NO. 25, SERIES OF 2007, October 10, 2007 ]
A RESOLUTION ADOPTING THE RULES ON RATE FILING BY THE SUPPLIER OF LAST RESORT (SOLR)
WHEREAS, pursuant to Sections 2 and 43 of Republic Act 9136, otherwise known as the Electric Power Industry Reform Act of 2001 (EPIRA), and its Implementing Rules and Regulations (IRR), the Commission is mandated to promulgate rules and regulations, and perform regulatory functions appropriate and necessary in order to ensure the successful restructuring and modernization of the electric power industry;
WHEREAS, on 21 June 2006, the Commission promulgated the Rules for Supplier of Last Resort to establish the policies, rules and procedures for the provision of back-up supply to contestable customers in case of an event that requires the services of a SOLR;
WHEREAS, to provide a uniform filing system for applications by the SOLR for the approval of SOLR Rate/charges to the affected contestable market, the Commission proposed a set of rules known as the "Rules on Rate Filing by the Supplier of Last Resort";
WHEREAS, the Rules shall establish the policies, rules and procedures to ensure the recovery of the allowable premium and reasonable return and other costs associated with the SOLR service;
WHEREAS, on 15 November 2006, the Commission conducted a public consultation for the adoption of the proposed Rules on Rate Filing by the SOLR;
WHEREAS, in accordance with the aforesaid provision and after a careful consideration of the various views and comments submitted by interested parties, the Commission deems it appropriate to adopt the Rules on Rate Filing by the SOLR;
NOW, THEREFORE, the Commission, after a thorough and due deliberation, hereby RESOLVES, as it is hereby RESOLVED, to APPROVE and ADOPT, the "Rules on Rate Filing by the Supplier of Last Resort (SOLR)" herein attached as ANNEX "A"* and made an integral part of this Resolution.
This Resolution shall take effect fifteen (15) days following its publication in a newspaper of general circulation in the country.
Adopted: 10 Oct. 2007
WHEREAS, on 21 June 2006, the Commission promulgated the Rules for Supplier of Last Resort to establish the policies, rules and procedures for the provision of back-up supply to contestable customers in case of an event that requires the services of a SOLR;
WHEREAS, to provide a uniform filing system for applications by the SOLR for the approval of SOLR Rate/charges to the affected contestable market, the Commission proposed a set of rules known as the "Rules on Rate Filing by the Supplier of Last Resort";
WHEREAS, the Rules shall establish the policies, rules and procedures to ensure the recovery of the allowable premium and reasonable return and other costs associated with the SOLR service;
WHEREAS, on 15 November 2006, the Commission conducted a public consultation for the adoption of the proposed Rules on Rate Filing by the SOLR;
WHEREAS, in accordance with the aforesaid provision and after a careful consideration of the various views and comments submitted by interested parties, the Commission deems it appropriate to adopt the Rules on Rate Filing by the SOLR;
NOW, THEREFORE, the Commission, after a thorough and due deliberation, hereby RESOLVES, as it is hereby RESOLVED, to APPROVE and ADOPT, the "Rules on Rate Filing by the Supplier of Last Resort (SOLR)" herein attached as ANNEX "A"* and made an integral part of this Resolution.
This Resolution shall take effect fifteen (15) days following its publication in a newspaper of general circulation in the country.
Adopted: 10 Oct. 2007
(SGD.) RODOLFO B. ALBANO, JR |
|
Chairman |
|
(SGD.) RAUF A. TAN |
(SGD.) ALEJANDRO Z. BARIN |
Commissioner |
Commissioner |
(SGD.) MARIA TERESA A.R. CASTA EDA |
(SGD.) JOSE C. REYES |
Commissioner |
Commissioner |